I notice ii offer a "Bed & ISA" service, where you can sell shares in your dealing account and buy them back straight away in the ISA, for one dealing fee.

However, this is still subject to the bid-offer spread.
Now whilst I believe we are not allowed to do an in-specie transfer, surely all the shares are held in the broker account, as they are nominee holdings ?
Therefore does the broker also need to sell and buy back the stock as well ?   Or can they just reassign their holdings and issue me the trading documentation ?   Therefore pocketing the difference.


This is more of theoretical interest, since I have already used my ISA allowance long a go, but still need to make capital disposals this tax year.

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