So I was looking at the amount of tax free earnings you can get from capital. This scenario is appreciation on a property selling of about £10,000. This, of course, comes (possibly) under the £11,100 threshold of tax free capital gain.
I am, however, confused about how the tax free amount works with normal tax free amounts.
Is the tax free capital gain amount separate to normal tax free amounts? Imagine I have salaries or I earn rent for the year, that has a tax free barrier of £10,000 (or whatever). Does the tax free capital gain apply only to the actual transaction of selling the house (and similar transactions for that year)?