UK REITs in ISAs 🇬🇧

Thanks for this info @finki I assumed it wasn’t at all possible - due to PIDs or something unique to REITs.

Defo would like to understand from the @freetrade team why this is is constrained - and if there’s scope for change.

CC: @Viktor @Ian @adam

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Would be great to have REITs in ISA… The only reason why I am not investing on them right now is because I cannot be bothered to do the tax stuff

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I’d also like to know the answer to this. Holding REITs out if an ISA is potentially costly as I believe property income distribution (PID) dividends are taxed differently to normal dividends. Personally, I don’t want another thing to have to work out for my tax return!

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Let me double check why and get back to you ASAP.

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Hi Ian, I just stumbled across this post. Seems to suggest it do with the complication of getting the 20% tax credit on REIT dividends.

That’s the crux of it. Just looking into what/if we can do to support it.

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Yes that’s right, to hold a REIT within an ISA there are some additional steps with regards to tax, and we’re unable to carry these out using our current system.

We wanted to make REITs available to customers as soon as possible so we decided to offer these to Basic accounts only. Once we launch our own platform we’ll review how we can support these in ISAs as well.

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Thanks for the info… the new platform’s going to make a world of difference.

Is there more info on when this is expected?

Getting everyone transferred over to the new Investment Platform is part of our 2019 Christmas List!

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Super, thanks for that!

With the new platform finally ready (yay!), do we have any news on REITs in ISAs? Would be great if this would be ready before the next tax year, so we can start filling our new ISAs :smiley:

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Hi All, interested to know if the migration to the new platform was completed over Christmas, and if REIT’s are therefore close to becoming available within ISA’s?
Cheers
:+1:

EDIT: Just found this post explaining the upgrade is now flight. Invest by Freetrade: the upgrade has begun
just need those REIT’s now :slight_smile:

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I’d also be interested in knowing if reits will be on the new platform before April as this will have a huge impact on what provider I will be going with for my next isa :slight_smile:

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Good point @Britishj would be very handy to know if this will come for April

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Absolutely good point. If Freetrade sorts the tax issue re REITS, I’ll be certainly setting up a ISA with FT.

If not, I have to go with another provider and this means another year of no freetrade :roll_eyes:

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You can always transfer in if REITS aren’t quite ready in time.

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Has there been an answer to this question yet?

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I’ve not seen any confirmation of this, so I hope this comes with the next update? Perhaps alongside fractionals? Fingers crossed :0)

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Still keen to ensure more REITS in ISA’s is not forgotten :+1:

Cheers

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Are FT currently working on this? It would be great to see REITs in ISAs.