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Personal Pension Payment and CGT

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Personal Pension Payment and CGT

  • This topic has 2 replies, 2 voices, and was last updated 4 years ago by Tax Tutor.
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  • May 6, 2021 at 1:16 am #619798
    sardonis
    Participant
    • Topics: 7
    • Replies: 2
    • ☆

    Could you correct me if I am wrong but I understand that personal pension payments (grossed up) raise the basic and higher rate band for CGT the same as they do for income tax.

    May 6, 2021 at 1:24 am #619799
    sardonis
    Participant
    • Topics: 7
    • Replies: 2
    • ☆

    I think I can answer myself after closer look at the notes provided. The answer is yes and the higher rate band is irrelevant because CGT has only 2 different levels differentiated by basic rate band figure.

    May 9, 2021 at 9:39 am #620129
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Glad you were able to answer your own question – always check back to study notes and lectures when you are uncertain about an issue

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