Question to the HM Treasury:

To ask His Majesty's Government what plans, if any, they have to permit fractionated shares to be held in ISAs.

HMRC’s long standing view on interpretation of the current law is that a fraction of a share is not a share for the purposes of the ISA legislation.

The government is committed to ensuring the ISA the market works for both industry and consumers. We are aware of representations from the industry to allow fractional shares to be included in ISAs going forward, and are considering the issue.