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I think people are doing it even with ISAs filled for this year. This is my understanding of people's logic
Person A has £100 outside an ISA, £40 of which is gain. If they sell and rebuy that £100 now instantaneously, they are paying less tax that way when they eventually close out the position (Say at £150 in a further 5 years time).
From Sept** will be paying higher CGT. Definitely on the £150-50, possibly at your marginal tax rate, but you've realised £100-60 of gain at 10% or 20%.
If you did nothing in this tax year, you'd be into higher tax on the whole gain £150-60 at the end
** edit, likely, and will be from April 25
bobble
@Tenderloin
well I'd say if you can have things inside an ISA that of course makes sense.
Likely that cgt allowance goes to 0 and the nominal rate also increases. So wrap everything up that you can before then including maxing your and your spouses cgt allowance for the year