Beneficiaries

This screen is accessed via the Data Input tab within the tax return.

Select + Add beneficiary a new window displays which needs to be completed for each beneficiary. Select View R185 to view and download to PDF the R185.

Beneficiary

• Name - enter the name of the beneficiary

• Address - select Change address, to enter the address, see entering addresses for further information.

• Settlor?

• Relevant child of living settlor?

Payments etc.

• Discretionary income payments (net)

• Discretionary employment income payment

• Capital payment to relevant child - this field is only available where Relevant child of living settlor? has been selected above.

• Capital payments or benefits paid from a non-resident trust

• Payments from settlor-interested trust

Non-discretionary income entitlement for R185

• Override calculated figures

• Net amount of non-savings income taxed at basic rate

• Net amount of savings income taxed at basic rate

• Net amount of dividend income taxed at dividend rate

• Net amount of non-savings income taxed at trust rate - this is only available where ‘Settlor’ has been selected above.

• Net amount of savings income taxed at trust rate - this is only available where ‘Settlor’ has been selected above.

• Net amount of dividend income taxed at dividend trust rate - this is only available where ‘Settlor’ has been selected above.

• Non-savings income paid gross - this is only available where ‘Settlor’ has been selected above.

• Savings income paid gross - this is only available where ‘Settlor’ has been selected above.

• Additional tax paid on life policy gains etc. - this is only available where ‘Settlor’ has been selected above.

• Untaxed income

• Net amount of foreign income before tax

• Foreign tax paid on foreign income

• UK tax paid on foreign income

• Stock dividends paid

• Residential property income or restricted finance costs

To delete a beneficiary, select Delete beneficiary.