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Posted Thu, 12 Dec 2024 15:04:36 GMT by SteveK
If my income is a mixture of salary, rental profit and savings interest (not in an ISA account) should the amount entered in Section 3 of the CGT online form 'What do you expect your gross income will be in this tax year?' include the sum of all these income sources, even though savings interest is generally not taxed for first £1000?
Posted Thu, 09 Jan 2025 10:36:19 GMT by HMRC Admin 20 Response
Hi,
Yes.  
The interest is still taxable income even if it is below the tax free allowance, so it must still be included when working out how much unused basic rate band can be applied against the capital gains liability.
Thank you.

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