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If you are a very long-term investor, do not need income or already have high levels of taxable capital gains, it makes sense to put shares into an ISA tax shelter. But even if you do not use your annual capital gains tax allowance, it can still make sense to put shares in an ISA. It makes life easier, because you do not have to declare income or realised gains on your tax return, and it can be cheaper to buy some funds inside an ISA than outside.
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