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Posted Wed, 01 Nov 2023 15:50:28 GMT by
hi, I was wondering if you could clear something up as I've searched everywhere. If I sell shares that I have held for a few years and I make a capital gain which I have worked out I'll pay capital gains tax on, is this capital gain reportable as other income?
Posted Thu, 02 Nov 2023 11:08:50 GMT by HMRC Admin 10 Response
Hi
Can you please clarify, are you asking this question in relation to tax credits?
Posted Thu, 02 Nov 2023 13:06:41 GMT by
Yes, would this count as 'other income' for tax credits?
Posted Fri, 03 Nov 2023 10:25:25 GMT by HMRC Admin 20 Response
Hi jiltedg,
I have searched gov.uk and this is the information that I have found
Income to include over £300
Add up the full amount of the following types of other income, then take off £300.
Income from dividends
Include any UK company dividends you’ve received. Also add in the tax credit — shown on the dividend voucher supplied by the company.
This could include:
•    gross amount of dividend income from company shares, authorised unit trusts and open ended investment companies — the amount to include is the total before tax
•    stock or scrip dividends where shareholders receive shares instead of a cash dividend — the amount to include is the total before tax
Exclude any capital gains exempt from tax.
Thank you.
Posted Mon, 27 Nov 2023 17:32:04 GMT by LynnG32
That is about income from dividends not capital gains.

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