Tax Calculation - Any Ideas?

Helpme999

Hi All, Just trying to figure the tax owed on the following numbers:

Salary Gross 10463
Interest Gross 775.7
Dividend Received (net??) 25353
Rent Net Profit 3500
Personal Allowance 8105

I think it is around £3500. Anyone please with more exact numbers?

Thank youx:beer:

nomunnofun

Total income:

Salary 10463, Interest 775, Dividends 28170, Rental £3500 = £42908.

Personal allowance 8105 leaving 34803 taxable.

Earned income - 2358 at 20%

Rental income - 3500 at 20%

Savings income - 775 at 20%

Dividends - 27737 at 10%

Dividends - 433 at 32.5%

Total tax due £4241.03 less paid at savings (155.00), less tax credit on dividends (2817) = 1269.03
From that take away the tax that you paid at PAYE which I presume is £471.60 = 797.73

As a check:

tax due on property is £700 and HR tax due on dividend is 97.00 - £797 which is close enough!

£797 is a tad less than your figure?

Helpme999

Thank you so much for your help. You have made it really easy to undersatnd. Thank you again x