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    Capital Gains = Unearned income? Help please.
    • #1
    • 18th Sep 12, 8:36 PM
    Capital Gains = Unearned income? Help please. 18th Sep 12 at 8:36 PM
    Hi everyone. I have been fairly successful in my investing activities in the last few years which has lead to a substancial amount of current/future capital gains. This is obviously great, however it has lead to an issue which I don't know how to deal with.

    Are capital gains classed as unearned income like dividends and savings interest?

    I ask this as I'm starting to pay back my student loan and don't know whether to add on any capital gain minus 9% (e.g. 10,000 cap gain means I'd add 900) on shares I've sold over the tax year to my student loan repayments (through a self assessment form).

    I hope this is not the case as it feels that I'm being punished (in a strange way) for doing well and investing while young. Also, if I make 50,000+ in capital gains (possible) within this tax year, I could be landed with a 4500 student loan bill instead of being able to reinvest my capital.

    Also, how are gains ('wins') on a spread bet classed? Is this unearned income?

    Thanks for any help given.
    Last edited by Young_Investor; 18-09-2012 at 8:40 PM.
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