I think I understand the UK Income and Capital Gain tax system but I am not too sure how they interact between each other. I have a Limited company I use for IT consulting and here is my situation for this tax year as an example:

-I will pay myself a gross salary of 12k a year.
-I will also receive 30,475 of gross dividends this year to meet the basic rate taxable band including the tax allowance.
-Then, I am planning to leave the UK by the end of the year which will trigger two things:
1 - I will sell my portfolio of shares in my online share account which would trigger 5k of gain for example. This would fall under the 10.1k of CGT allowance.
2 - I will close my company with an estimated 23k left in the company after the accounts are settled. 5.1k will be taken under the CGT tax allowance and the rest (23 - 5.1) 17.9 will be taxed at 10% under the Entrepreneur relief.

Does that sound correct? My main question is regarding the 2 different Capital Gain, one from my personal share and one from my Ltd Capital distribution after closure. The order of taxation/allowance listed above would be the most advantageous but how is the order decided?

Is it purely based on which one of the CG comes first? First to come go under the allowance until it is used then the next CG is taxed? Or is there some other factors that come into play? Any documentation on the HMRC site available?

Thanks!

This forum deals exclusively with taxs in the United States, NOT the United Kingdom.

That is why you have not gotten an answer to your post.