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Cgt Calculation Check Please
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My wife inherited a share of her father's house in the 1990s. It has been sold this year, yielding a large gain after indexation and taper. She will earn around £26k in this tax year, and the CGT payable will be mainly at 40%, though there is an element that will be payable at her 22% marginal rate.
If she pays a sum into a SIPP so as to reduce her taxable income to the personal income tax allowance threshhold, will the band on which only 22% CGT is payable be correspondingly expanded?0
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