Capital gains tax when income less than personal allowance

My annual income (salary + interest + dividend) is less than the personal allowance. Will the capital gain tax also can use this remaining of personal allowance of income tax? (i.e. will there be a portion of net capital gain be charged 0% tax which fall into the remaining of this personal allowance not used up for income tax ) ?

Hi YY WONG,
No. Income tax and Capital Gains Tax are separate taxes.
If you do not utilise all of your personal allowance against income, the the balance is lost.
You will still have the full basic rate band available, which means that the lower rate of capital gains (10% or 18%) will apply against the gain up to the amount of basic rate band available, with the balance taxed at 20% or 28%.
The capital gains rates of 18% and 28% related to property gains and 10% and 20% for all other types of capital gains.
Thank you, 

 

Hi HMRC admin, Is the 'amount of basic rate band available' £37700 (the difference between £12570 and £50270) or, if you have zero income, is the amount of basic rate band available the full £50270? Thank you.

"you have zero income, is the amount of basic rate band available the full £50270" - I'd say yes.

Pear to Pear .

Not HMRC...incorrect, BR band only increases for gift aid and pension contributions, other than that its currently £37700 and not £50270 in this situation

Hi elainebh,
It is £37700, your personal allowances cannot be used against capital gains.
Thank you.

Hi HMRC Admin, thank you so much for confirming that.