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< 1 min read
Q.1 Tax implications of ISAs?
I am thinking of investing in an ISA, but am unsure as to how it impacts various taxes?
Arthur Weller replies:
ISAs are free of income tax and capital gains tax. However, ISAs are included in the estate of a deceased for IHT purposes (see HMRC’s Inheritance Tax Manual at IHTM34164). ISAs are only available to UK residents.
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