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  • Understanding Estimated Two Installments Payments for 2024/25

    Self Assessment Tax Return, trying to understand the calculations figures. In the calculations summary page, it shows the amount of tax I owe for the 2023/24 tax year based on the actual figures for that year I inputted for the tax return (these are accurate figures from what made via my rental property). AND it shows the estimated money I owe for the current tax year 2024/2025 - it says I have to make a payment for Jan 2025 then July 2025. Does the estimated figure for 2024/2025 include my income from my property AND my PAYEE figure (which I actually pay separately through my employment)? OR, does it show only the tax amount I am estimated to owe through my property? How is it made up / how does it work?