[Tryst]

I've just started trading US stocks and the FX charges there are a bummer, but tbh there is no stamp duty so it balances out I guess. The UK stocks have been so flat for so long with false break outs. Its been very dull.

The question I have I guess is are US stocks in a UK stocks and shares ISA exempt from tax?

You normally have to sign a W8-BEN form in your account, which sorts out the US tax on any dividends you might get, and makes it 15% US withholding tax instead of 30%. And normally with most ISAs you won't be trading the physical US shares, but instead a proxy of them on LSE via a CREST Depository Interest (CDI), which only trades during the UK trading hours.

Hi IsaTrader, yes I signed a W8-BEN form. I am using Hargreaves Lansdown. I have placed trades during US business hours which were our of UK hours.

My main question really is when you say I will have 15% US withholding tax, is that all covered when I am placing the trade or is it a tax I need to declare when make a profitable trade?

Thanks