How to fill in box 5 on page T 1.

Article ID

ias-5828

Article Name

How to fill in box 5 on page T 1.

Created Date

4th April 2008

Product

IRIS Personal Tax

Problem

How is box 5 on page T 1 completed to show the net income taxable at the dividends rate from a non-discretionary trust?

Resolution

Users are required to: 1. Log on to Personal Tax and select client. 2. Select Trusts, Settlements and Estates, select Other Trusts and Settlements. 3. Click New, add the Trust details. 4. Enter the Gross income, enable Dividends rate.