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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
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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
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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
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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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