Will the current cost basis of positions be carried over when my account is migrated due to Brexit?

Yes, the original cost basis is maintained when positions are transferred in between Interactive Brokers accounts.

Additional Information…

IBKR will not automatically send cost basis information to the receiving institution for outbound Free of Payment Transfer of Global Securities transfers. However, if the receiving institution requests to receive a cost basis report for the transferred securities, IBKR will send a Cost Basis Report via email upon your request…

Yes, there is no restriction to the number or frequency of IRA distributions. Please consult with your tax advisor as to the impact of distributions on your specific situation…

The migration will have no impact upon the software you use to trade or administer your account. The technology will remain the same as it is today…