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Thank you for the information. Could I also check if the same would apply to SIP shares if they are sold before 5 years and therefore subject to tax? I know the gifted amount is taxed through PAYE but do any gains also fall under Capital Gains allowance?
I am completing my self assessment tax return for the 21/22 tax year and have capital gains to include. What I would like to know is whether the 'income' from these capital gains (which are shares ) should be included when calculating my adjusted net income in relation to the High Income Child Benefit Tax.