tim123
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RE: Capital Gains and Income tax personal allowance
Thank you for your previous answers to questions on this topic. I have income in the £50 to 100k range and so pay a marginal income tax rate of 40% and 20% on gains. If I make capital gains this year which result in a total 'income' (capital gain plus normal income) of over £100,000 please could you confirm that I will not start to lose my personal allowance of 12,570. This is how I read your previous posts but I'm not totally clear.