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Hi Thank you for your response, slightly confused though.
My wage income of £6.5k, why has that not been deducted from the basic tax band £31865 ie is the calculation at what part of the gain tax at 18% not as follows:-
£31865 - dividend income of £14300 - wage income of £6.5k. So £11065 @ 18%. and the remaining @ 28%
Thank you for clarifying. In addition can I qualify for entrepreneurs relief if I was a shadow director but not registered as director with companies house? I was actively involved in the business for which the shares were sold in and had been held longer then two years.
In relation to the unused personal allowance of £3.5k are there any benefits/sharing of this amount available with my wifes income who earns £45k wage.