12 October 2023
Analysis
Fractional shares and ISAs – HMRC are probably wrong
The FT ran a fascinating story yesterday about a dispute between HMRC and some ISA platforms over whether the ISA platforms can sell investors fractional shares. HMRC are saying the ISA rules don’t permit this. HMRC is usually right, but in this case we think they’re probably wrong (perhaps misled by some confusing ESMA guidance). […]
