A DOS
Joined: 8/22/2024
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Capital gains and savings tax
If I sell some shares which results in me having to pay some capital gains tax does this count towards my income when I am being assessed for the savings allowance? For example; Income from pensions and other sources £12,570, capital gain £10,000 do I still retain the £5000 starting rate for savings band? Do dividends from shares count towards my income as far as the starting rate for savings is concerned? Cheers -
RE: Savings allowance and Capital Gains
Sorry, showing my ignorance there. Let me rephrase. If I sell some shares which results in me having to pay some capital gains tax does this count towards my income when I am being assessed for the savings allowance? For example; Income from pensions and other sources £12,570, capital gain £10,000 do I still retain the £5000 starting rate for savings band? Do dividends from shares count towards my income as far as the starting rate for savings is concerned? Cheers -
Savings allowance and Capital Gains
If I have a chargeable event which results in me having to pay some capital gains tax does this count towards my income when I am being assessed for the savings allowance? For example; Income from pensions and other sources £12,570, capital gain £10,000 do I still retain the £5000 starting rate for savings band? Do dividends from shares count towards my income as far as the starting rate for savings is concerned? Cheers