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Posted Wed, 27 Mar 2024 14:09:27 GMT by Peter Ray
Does the basic rate CGT band take account of Personal & Starting Rate savings allowances and Dividend allowance? For example, if in 2023-4 pension income was £12,570 (same as personal allowance), share dividends were £500 (less than £1,000 dividend allowance) and savings interest was £3,000 (less than £6,000 combined personal & starting rate savings allowance) would the remaining basic rate band for CGT still be £37,700? Or would the share dividend and savings interest reduce the CGT basic rate band?
Posted Thu, 28 Mar 2024 17:26:52 GMT by HMRC Admin 25 Response
Hi Peter Ray,
You take your pension and interest( interest over the standard savings allowance) and you are then over the personal allowance.
This excess is then deducted from the basic rate band to then set the balance against your CGT so you would not be due the full £37700 for CGT.
Thank you. 

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