The Student Room Group

Parental Income Assessment

Do capital gains from the sale of investments count towards income when completing the parental income assessment?
Original post by captain99
Do capital gains from the sale of investments count towards income when completing the parental income assessment?


Hi, we only need to know about taxable income/benefits.

Taxable income required:

Interest from a bank, building society or local authority, this source of income may not reach or exceed the applicable tax free personal allowance should still be declared
Interest from National Savings (other than first £70 of National Savings Ordinary Account interest) and Investments
Interest distributions from authorised unit trusts and open-ended investment companies
Dividends from shares, UK authorised unit trusts and open-ended investment companies
Pensions including private pensions, state pension, pensions from previous employers, personal pensions, retirement annuities and superannuations
Other income and lump sums (Pension lump sums, pension payment or redundancy payments)
Earnings from employment
Earnings from self-employment (After deduction of allowable expenses)
Rent from letting property
Income from the 'Rent a Room' scheme
Income from taxable benefits in kind
Chargeable event gains from life insurance policies (Excludes lump sums)
Income from outside the UK
Share of joint income
Foster Care Payments


Non taxable income not required

Non Taxable Income

Income from tax-free National Savings and Investments (Savings certificates)
Interest, dividends and other income from investments held in a Personal Equity Plan (PEP)
Interest, dividends and bonuses from a Tax Exempt Special Savings Account (TESSA), unless it was closed before the five years were up
Interest, dividends and other income from an Individual Savings Account (ISA)
Interest and terminal bonuses under the Save As You Earn schemes
Premium Bonds, National Lottery winnings or gambling prizes
Child and Working Tax Credits
Income from a scholarship, stipend, exhibition, bursary or similar educational endowment
Capital Gain or Capital Allowance figures, usually declared on business accounts or tax returns
Payment Protection Insurance rebates
Life insurance policy lump sums (Including endowment policies)
Student Finance Payments

Thanks, Isaac
Reply 2
What about a capital gain from selling a second property that has been taxed. Does this need to be included in parental income .
Original post by Maeveo123
What about a capital gain from selling a second property that has been taxed. Does this need to be included in parental income .
Hi there,

We would not require that income to be declared.

Thanks, Ross

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