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- Calculating adjusted net income
PostedWed, 28 Feb 2024 10:14:21 GMTbyB Laing
Hello,Some questions on calculating adjusted net income that aren't answered by https://www.gov.uk/guidance/adjusted-net-income.1. Do capital gains made from sale of shares contribute towards adjusted net income? Does it make a difference if the gain is above or below the personal £6000 capital gains allowance?2. I believe that all dividend income or interest income contributes to adjusted net income, even that within the personal allowance. E.g. £50 in interest generated from a personal bank account will contribute towards the adjusted net income total.Thanks
PostedMon, 04 Mar 2024 10:35:20 GMTbyHMRC Admin 32 Response
Hi,
Capital gains are not included in your adjusted net income. Interest from savings and dividend income are included, however.
Thank you.
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