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Capital Gains & Net Adjusted Income

Answer
Frances Dyson
Posted 8 days ago by Frances Dyson
Hi- Does a payout under capital gains, which is subject to capital gains tax, form part of your net adjusted income? This is specifically in relation to the net adjusted income eligibility for free childcare hours and tax free childcare. Thanks
Answer
HMRC Admin 8 Response
Posted 2 days ago by HMRC Admin 8 Response
Hi,
Capital gains tax is entirely separate tax from income tax.  
It does not affect your net adjusted income.  
Personal Allowances: adjusted net income
Thank you.
 

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