Annual payments made out of capital

This screen is accessed via the Data Input tab within the tax return and is used if the trustees have received enhanced stock dividends and made compensatory payment out of capital to beneficiaries. This information populates boxes in section 11 on page 6 of the SA900 return.

Data is entered via a grid, a new line is available once the previous line is entered.

• Description - enter a brief description, this is not shown on the tax return

• Amount of payment - enter the amount paid after tax has been deducted

• Tax taken off - enter the amount of tax that was deducted.

• Total - Taxfiler by IRIS shows the sum of the amounts entered.

To remove a line from the grid, select the ‘trash can’ icon at the end of the line