Capital Gains and Income tax personal allowance

Hi Snoa,
You can see guidance here:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you.

Such a shame HMRC admin just post links to articles, the purpose of the HMRC community is to offer advice and guidance to customers after looking through the articles that are available on the website. I am sure most would want to find the information first before posting the question on here.

Hi ,
 

Once your income tax liability is worked out, if you have any unused basic rate band (20%) this can be set against the lower rate for capital gains (18%) with the remainder of the gain tax at the upper rate (24%).  If you use all of the basic rate against your income, then there is nothing to apply against the lower rate, so all of the gain is taxed at the upper rate. Thank you .

Hi Thebestme-82, Yes, CGT and Income tax both are different and are separately calculated.

Hi I am trying to report CGT but when you click on the link on the HMRC site it is only for trust/estate, I already have a government gateway business account as I am a sole trader. I looked on forums and it stated that you had to set up a new gateway personal account. I have tried to do this but it is redirecting me to my business account. Can you please advise how I report and pay CGT.