Beneficiaries

This screen is accessed via the data input tab within the tax return.

Select + Add beneficiary a new window will open which needs to be completed for each beneficiary. Click on View R185 button to view and download to PDF the R185.

Beneficiary

• ‘Name‘ Enter the name of the beneficiary
• ‘Address‘ Click on 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 click on the Delete beneficiary button