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Pension contributions and cgt

Posted Thu, 24 Aug 2023 14:55:56 GMT by
If I pay voluntary contributions into my pension to reduce tax band to basic rate, will my cgt rate reduce from 28% to 18% for sale of a residential property?
HMRC Admin 25 Response
Posted Wed, 30 Aug 2023 16:07:27 GMT by HMRC Admin 25 Response
Hi jspenc125,
It depends on how much you pay in for the pension and the amount of gain that you have as it will be based on your total income.
Please refer to:
Capital Gains Tax rates and allowances
Income Tax rates and Personal Allowances
Thank you. 

 

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