Transferring overseas shares into a Stocks & Shares ISA

A question about : Transferring overseas shares into a Stocks & Shares ISA

I have inherited a number of shares in BHP Billiton held in Australia which pay dividends twice per year in AU$. Can these shares be transferred into a UK ISA wrapper or will I need to sell them in Australia and re-buy them via the UK stock exchange?

I do not currently have anything set up but am considering an iweb account to start investing now I can afford to. I would prefer to trade infrequently and leave investments parked where I don't have to worry about em too often. I've had the BHP Billiton shares a couple of years now - I am happy to keep them as they seem to deliver a reasonable return but am not quite sure how to manage them best. Especially with regards to making them tax-efficient!

Many thanks for any help

Best answers:

• With the exception of some employee share schemes, all transfers of shares into ISAs involve the sale and re-purchase of the shares. No magic available, I'm afraid.