E3.315 ISA—Stocks And Shares Component

Home / Simons-Taxes /Personal and employment tax /Part E3 Reliefs for investors /Division E3.3 Individual savings accounts /Qualifying investments / E3.315 ISA—stocks and shares component

Commentary

Personal and employment tax

E3.315 ISA—stocks and shares component

Qualifying investments—stocks and shares ISA

Investments of the following kinds may be acquired or held in a stocks and shares individual savings account (ISA)¹.

	Investments	Commentary
1	Shares²	Shares (other than in an investment trust) issued by a company (wherever incorporated, see E3.302) and officially listed (or, in the UK and European Economic Area (EEA), admitted to trading) on a recognised stock exchange, and prior to 1 July 2014 in circumstances where the shares in question satisfy the 5% test outlined below or were held under the component on 6 October 2005. This does not include shares within points (6) or (15) below or in an industrial and provident society (now a registered society with effect from 1 August 2014 by virtue of CCBSA 2014, s 1). Nor does it include nil paid rights, warrants to subscribe for shares, futures or options. See also the commentary underneath this table³
2	Securities⁴	Qualifying securities issued by a company (wherever incorporated, see E3.302) where the company's shares