Does a Chargeable Event on an Investment Trust impact Adjusted Net Income

Hi, If an non-qualifying investment bond is sold, this triggers a chargeable event. If the owner / beneficiary of the investment bond is a basic rate tax payer (both with and without the chargeable event), there is no tax to pay because the investment bond has already been paying an effective 20% throughout. My question is: Does the sale of the investment bond / chargeable event .... change the adjusted net income (even though there is no tax to pay)? Where is this explained? Thanks.

Hi ,

In reply to your question the answer is no .

Thank you .