Can a capital gain tip me into higher rate tax and losing my personal allowance?

Fletchasketch

I'm considering selling some shares from my company work scheme up to this year's 3K limit. This will take my overall income salary + CG into the region where I would hypothetically start to lose my personal allowance. My question is, is CG taken into account when calculating if/how much of the personal allowance is reduced or is it separate? Thanks in advance.

TheSpectator

Fletchasketch said:

I'm considering selling some shares from my company work scheme up to this year's 300K limit. This will take my overall income salary + CG into the region where I would hypothetically start to lose my personal allowance. My question is, is CG taken into account when calculating if/how much of the personal allowance is reduced or is it separate? Thanks in advance.

£300k limit?

Capital Gains are not included as part of your net adjusted income for calculating personal allowance entitlement

Fletchasketch

TheSpectator said:

Fletchasketch said:

I'm considering selling some shares from my company work scheme up to this year's 300K limit. This will take my overall income salary + CG into the region where I would hypothetically start to lose my personal allowance. My question is, is CG taken into account when calculating if/how much of the personal allowance is reduced or is it separate? Thanks in advance.

£300k limit?

Capital Gains are not included as part of your net adjusted income for calculating personal allowance entitlement

Good spot, have corrected and thanks very much for the reply, very helpful.