Stevan berry

Can the £3000 gifting allowance come out of my capital eg from sale if shares. And not be part of my expenditure when working out excess income over expenses. Thank you

Hi I fully understand that ant one off purchases eg buy a car or D.I.Y purchases can be taken from my capital investments as opposed to from my earned income. Please advise can the same be said for a one off payment of £5000 as a wedding gift and the £3000 annual gift allowance. Or must these come out of my income. Thank you.

I have 3 pensions one works pension a state pension and a private pension that I take an annual drawdown amount after tax taken. Please clarify if my drawdown pension is either classed as an income or capital . Thank you.