Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to paragraph 1.219 of the Autumn Statement 2014, what will happen to any dividends or interest accruing from ISAs transferred between spouses upon death before the whole has been legally transferred.
Under the changes announced at Autumn Statement, the income from the ISA assets during the period between date of death and distribution of assets at probate will still be taxable.
The government is committed to exploring what can be done to extend the ISA tax advantages into the administration period, and will look to legislate in the next Parliament to do so.