CGT lower rate and Dividends.

[Dave234]

I am about to sell a second home. There will be a taxable price difference of approx. £125,000 between buying and selling after personal allowances and costs so the CGT will therefore be in two parts 18% and 28%. My pension income (£10,000) is below the tax threshold but I have also taken approx. £35,000 in dividends from shares this year.
Can I disregard the dividend income for the CGT calculation as it is not earned income?
Will the lower rate 18% CGT apply to £37,500 only or the full difference between my pension income and the higher tax rate - £40,000? The remainder would be taxed at 28%.
Any comment appreciated.

[bd6759]

Dividends are charged to income tax and use up the income tax rate bands first.

Capital gains are charged on the rate bands remaining after income tax.