Apologies if I'm being a plum here, but when I get credit interest on my savings, I receive this net of tax.
I've always assumed that this therefore means that there is no threshold on capital income.
Is this correct, or does it count towards your annual capital gains allowance, hence should I request to get the interest paid gross?
Or have I got the wrong end of the stick?
Interest is income from capital, and shares the same threshold as earned income.
Yes, you have. Capital gain is not the same as income from capital. Capital gain is what you get when you sell an asset for more than you bought it for, and the asset is capital in nature (as opposed to trading stock).
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