rkynoch
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Capital Gains impacting child maintenance payments
Hi there, I'm not sure I've found my particular question been answered elsewhere, but apologies if this is a repeat.... I want to understand if when selling company shares that I'll pay capital gains tax on, if the money I make there is also taken into consideration when looking at child maintenance payments? Example - Gross income of 70,000 pounds and I sell shares to the value of 10,000 pounds (of which I pay 20% CGT on it), is my income for the year calculated at 80,000 pounds or are the shares treated differently as it's not PAYE and has been taxed differently? It's hypothetical at the minute, but shares might be an option in the future and want to understand where I stand. Thanks!