Disposals contribute towards personal tax allowance?

I just want to know if this would take me out of the 0% tax band with the following example Salary £12k Disposals of shares = £25k Capital Gains = £500 Thanks

Hi

You cannot use any balance of your personal allowance against capital gains. on your example your gain would be liable at 10% on £19000 - you would be due the annual exempt amount of £6000 for capital gains 23/24 - Capital Gains Tax: what you pay it on, rates and allowances

Thank you

Sorry I was getting confused about capital gains and personal allowance which I now understand are taxed differently The gain is only 500 pounds (not 25k) and as I now understood it, you are only taxed on your gains above the annual allowance (not the whole amount that you receive. If I bought shares for £24.5k and then sold them for £25k making only a £500 profit. That £500 gain would be within the annual exempt amount of £6000 so no cgt tax is required. The original amount you invested is not taxable when you get it back, only the profit is. So If I bought shares for £1 million and then later sold them for £1,000,500. Then it is the same scenario as above If my salary was 12k then I would be in the 0% tax band. If I sold any amount of shares then they would be subject to cgt not income tax so the tax band would remain unaffected. That is how i understand it. Please let me know if you think otherwise

Hi Keith7819,
You are correct.
Please note though, disposal proceeds of more than £50,000 need to be reported even when the gain is below the annual exempt amount.
For 24/25 the annual exempt amount is reduced to £3000.
Thank you. 

Perfect. Thanks. The disposals proceeds will be under £50000 and the gains will also be under £6000 for this tax year so we will have nothing to report