ISA invested in stocks and shares

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    Jo Gregory

    A claimant has a standard life ISA account which is invested in stocks and shares. He holds 1019.254 shares with a unit value of 196.70. The total investement stands at £2004.87.
    Is it a unit trust holding which does not attract the 10% selling deduction or do we treat them as stocks and shares?


    If it has a unit value rather than a share price, it is a unit trust – Also, you can only purchase whole number in shares – not .254 as in this case.

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