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Do I pay tax on on my ISA?
No. According to HMRC, any income or capital gains earned within a Stocks and Shares ISA are free from income tax and capital gains tax.
This means:
- Dividends paid on shares held within an ISA are not subject to dividend tax.
- Any profits made from selling investments inside an ISA are exempt from capital gains tax.
If you complete a self-assessment tax return, you do not need to declare any ISA interest, income, or capital gains on it.
For more information, please refer to the official HMRC guidance on ISAs.
