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How to fill in box 11 on page T 1

Article ID

ias-5834

Article Name

How to fill in box 11 on page T 1

Created Date

4th April 2008

Product

IRIS Personal Tax

Problem

How is box 11 on page T 1 completed to show the net amount of savings income taxed at trust rate on chargeable on the settlor?

Resolution

Users are required to: 1. Log on to Personal Tax and select client. 2. Select Trusts, Settlements and Estates, select Income Chargeable on Settlors. 3. Click New, add the trust details. 4. Enter the Net income; enable Chargeable at the rate applicable to trusts and Savings rate.

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