http://www.legislation.gov.uk/uksi/2017/1089/regulation/2/made

The Individual Savings Account (Amendment No. 3) Regulations 2017

en

King's Printer of Acts of Parliament

2017-11-13

INCOME TAX

CAPITAL GAINS TAX

These Regulations amend the Individual Savings Account Regulations 1998 (S.I. 1998/1870) (“the ISA Regulations”) to allow the savings of a deceased person in an Individual Savings Account to continue to benefit from tax advantages during the administration of the estate (regulations 4 and 9). They provide, as a consequence of the change, for the additional permitted subscription available to spouses and civil partners to be the higher of the value of investments held in a deceased’s account on the deceased’s death and on the account ceasing to be a continuing account of a deceased investor (regulation 5). They also provide for consequential changes to provisions relating to information and reporting requirements (regulations 6 to 8).