Trust Tax Return shows the standard rate band as £1000
Article ID
ias-12850
Article Name
Trust Tax Return shows the standard rate band as £1000
Created Date
23rd July 2018
Product
IRIS Trust Tax
Problem
In Trust Tax Return (type: Discretionary trust) page 5 box Q9A.1, it is showing the standard rate band as £1000 but is expecting to show £500 because there are two trusts.
Resolution
To resolve the above please do the following in Trust Tax:
– Data entry
– Trust
– Other Trust Information
– Number of settlements created by the Settlor (from the drop down box choose the number of trusts)
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