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Posted Wed, 06 Mar 2024 19:31:22 GMT by Joseph K
When calculating the threshold income and adjusted income for tapering the pension allowance, should we add capital gains in the tax year to the other forms of taxable income (i.e. salary, savings interest) etc? Thanks.
Posted Thu, 07 Mar 2024 11:31:10 GMT by HMRC Admin 25 Response
Hi Joseph K,
"No. Capital Gain is quite separate from income and should not be included when working out income in any way.
 By law, Capital Gains Tax is always calculated after income tax has been calculated and is a separate calculation.
Thank you. 
 

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