I still cannot find clear answer on the gov.uk site if the Personal allowance and Capital Gains Tax allowance are related. My question is if e.g. my income related to employment is 30,000 p/a and in the same year my Capital gains related to selling shares are 5,000 - should I:
a. Not pay Capital Gains tax as the income related to Capital gains was under Tax-free allowance which is 11,100. My income related to employment does not matter in this case.
b. Pay 28% tax as my overall income is higher that Personal allowance which is 10,600.
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