13 Apr 2016

Tax Calculation Help 2014

A question about : Tax Calculation Help 2014

Please can someone help. I have looked at tax calculators but they dont seem to help due to the income mix. Trying to forecast a tax calculation for 2014 to 2015.

Person 1
Salary 10800
Gross Interest 1200
Gross Dividend 28000
Rental Profit 5500
Total is 45500

Person 2
Salary 7692
Gross Interest 1000
Gross Dividend 34300
Rental Profit 5500
Total is 48492

15 Apr 2016

Who Pays The Tax?

A question about : Who Pays The Tax?

Hi, hope this is the correct place for this question.

Myself and my husband jointly own a property outright.

If we were to rent out this property who would declare the rental income? I would be the landlady.

If it makes a difference he is a tax payer and I am not.

TIA for your help.

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