dmoore84
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RE: Capital Gains and Income tax personal allowance
Hi all, I understand from the above that any capital gain will not alter the rate at which you pay tax on your usual employment income, is that correct? I will dispose of a property this year and will incur Capital gains at the higher rate. What I am concerned about is whether this then means my tax from my employment will be pushed up to the highest rate of 45% for that year? Can anyone please confirm for clarity? Many thanks