Income from trust or settlements

This section is accessed via the Data Input tab within that tax return and is used to enter income from trusts and settlements.

  • Name of trust – enter the name of the trust.

  • Trust UTR – enter the Unique Taxpayer Reference for the trust.

  • Address – you may enter the address of the trustees for your own information if required.

  • Trustees not resident in the UK for tax purposes? – tick the box if the trust is a non-resident trust for tax purposes. If the trust is non-resident and the income is taxable, tick this box and enter the income into the section Other overseas income and gains, unless the trust is settlor-interested.

Discretionary income payment from UK resident trust

  • Net amount – enter the net amount of discretionary income from trusts that are not settlor-interested.

  • Total payments from settlor-interested trusts – enter the payments if the trust is settlor-interested.

Non-discretionary income entitlement

  • Net amount of non-savings income – enter the amount from box 3 of the R185(T).

  • Net amount of savings income – enter the amount from box 4 of the R185(T).

  • Net amount of dividend income – enter the amount from box 5 of the R185(T).

Relief for residential finance costs

Relief is entered in a grid format:

  • Description of property business

  • Profits

  • Finance costs

  • Unrelieved costs b/fwd

  • Available for relief

  • Unrelieved costs c/fwd

Additional text note for Tax Return

Enter any additional information you wish to appear in the white space of the tax return.