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Are capital gains from selling the property overseas included then in adjusted net income ?

Answer
JB85
Posted 15 days ago by JB85
Are capital gains from selling the property overseas included then in adjusted net income ? What's the current tax free allowance for capital gains from selling the property
Answer
HMRC Admin 21 Response
Posted 12 days ago by HMRC Admin 21 Response
Hi,
No. Capital Gains tax and income are totally separate taxes and never intermix.  
Adjusted net income guidance can be found at:
Personal Allowances: adjusted net income. 
The annual exempt allowance for Capital Gains in the current tax year is £3000.
Thank you.
 

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