basic to higher rate taxpayer due to CGT
Apologies if already discussed but I didn't see a relevant topic in this subforum and I am highly confused from online sources.
I am aware that even 0%-taxed savings interest below £1k can push a taxpayer in the higher rate and create a tax event due to the reduced allowance. Would the same apply for capital gains, falling within the CGT allowance?
So assume a vanilla taxpayer with an income of £50k this tax year. The individual disposes an ETF with capital gains of say £5k, below the allowance. However would this additional capital gains be added to the general income and hence resegment this basic taxpayer into the higher rate?
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