Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
, see all updates

Computation: interaction with other taxes: IT: introduction

If a sum which is received on the disposal of an asset or in respect of an asset ischargeable to Income Tax, it cannot also be charged to Capital Gains Tax. But there may beliability to Capital Gains Tax in respect of any part of the receipt which is not coveredby an Income Tax charge.