Can a UK non-tax payer reclaim tax paid on interest on cash in a stocks & shares ISA?

Question

Could this tax be avoided by registering for gross interest as is possible with ordinary bank and building society accounts?

Answer 1

A non-Uk resident wouldnt be eligible to hold an ISA as they are tax free. A non-resident wouldn't have the personal tax free allowance to set against the interest, therefore it is taxable on that person.

Answer 2

no

Answer 3

ISAs are tax free

Answer 4

No, the whole point of ISAs is that they are tax free.  If you're not a taxpayer perhaps you shouldn't be investing in ISAs anyway.

Answer 5

You shouldn't be paying ANY interest on funds held in an ISA, that's the point of them.

Answer 6

Two things:

1. as a non tax payer you should have registered as such when opening the account. If you didn't neither the bank nor the Revenue will give it back. Unfair I know but what can you do.

2. If it's an ISA it's tax free anyway unless you put more in during the year than you were allowed to. And again, you just have to swallow it.