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Can a clients collective investment portfolio be re-registered into an Isa without encashing the units?

April 26, 2017clients collective encashing investment portfolio ISA re-registered units

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Can a clients collective investment portfolio be re-registered into an Isa without encashing the units?

1 Answer

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No. The reason for this concerns Inland Revenue restrictions on moving existing equities (or funds) into an Isa and not specifically due to any technical limitations of the Nucleus wrap. Assets would, therefore, have to be moved in as cash in this case.