MapD Cox
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RE: Capital Gains and Income tax personal allowance
Hi I have read through the questions and replies and find them really helpful, thank you. I understand that CGT and Income tax attract entirely separate allowances. My question is once calculated and CGT is paid, is the gain from the sale of a second UK property added to income when calculating the tax bracket that i am in eg 45% bracket rather than 20%, when calculating how much income tax I pay on my income which is my pension ? Thank you