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- Is a Business Asset Disposal gain included in adjusted income calc for pension allowance?
I am trying to determine whether my pension annual allowance is impacted by a gain from a business asset disposal (old entrepreneur gains and subsequent entrepreneur relief now referred to BADR), and whether that gain counts towards the calculation of adjusted income to determine the pension allowance. I am not clear which income is included in calculating the adjusted income and whether it includes the above gain (which is subject to 10% capital gains tax rather than income tax). The adjusted income and threshold income thresholds are exceeded. many thanks
PostedMon, 13 Nov 2023 13:34:30 GMTbyHMRC Admin 17 Response
Hi,
They do not mix, so any gain from a disposal will not be counted for income tax or the calculation of your adjusted income.
Thank you.
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