Capital gains and tax rate

[Arborbridge]

Is a taxable capital gain added to other income to determine which tax rate bracket you are in?

That is: for the purpose of determining which tax band one is in, are taxable capital gains treated as income?




Arb.

[DrBunsenHoneydew]

Is a taxable capital gain added to other income to determine which tax rate bracket you are in?

That is: for the purpose of determining which tax band one is in, are taxable capital gains treated as income?

Arb.

No -it’s based on the usual meaning of Taxable Income [deduct pension contributions etc]

[Arborbridge]

Is a taxable capital gain added to other income to determine which tax rate bracket you are in?

That is: for the purpose of determining which tax band one is in, are taxable capital gains treated as income?

Arb.

No -it’s based on the usual meaning of Taxable Income [deduct pension contributions etc]

So if, for example, I make a one-off gain of a £150k on selling a house (which is not private residence), I don't suddenly leap into a higher rate then?


Arb.

[BBLSP1]

This gives how to go about things:

https://www.gov.uk/capital-gains-tax/rates

[DrBunsenHoneydew]

Is a taxable capital gain added to other income to determine which tax rate bracket you are in?

That is: for the purpose of determining which tax band one is in, are taxable capital gains treated as income?

So if, for example, I make a one-off gain of a £150k on selling a house (which is not private residence), I don't suddenly leap into a higher rate then?
Arb.

Yes you would pay higher rate CGT but your income tax rate is not changed.