Tax

[mountainboo]

I'm in the process of applying for a course grant. In the taxable income section I have nothing to declare but I'm unsure whether capital gains should be included in 'other income'. I thought that technically capital gains were not classed as income? I asked Student Finance but the woman said not to include it and then she said I should so I'm baffled. TIA

[factor-fiction]

Are you referring to question 9 (part c)?

[ubasses]

capital ga.ins are not income and are taxed in their own right

[factor-fiction]

When did the capital gain arise? It may fall outside the time period covered by the form.
Anyway, I can't see a reference to it on the form on any of the sections asking about income- it lists lots of other categories but not UK capital gains

[mountainboo]

Thanks to you both. Yes Factor, I think it was Q 9. The gains were by way of distributions from a liquidated company and have been staggered over a period of 12 months. I can't see any reference to it either. I rang them again to speak to someone else and person I spoke to sounded very unsure but told me to include it as other income.

[factor-fiction]

I looked through here but couldn't find anything
http://www.port.ac.uk...ownload,123783,en.PDF