Assets put into trust

This screen is accessed via the data input tab within the tax return. Use this section to provide the name and address of any person who made an addition to the trust during the year. If the trust was first created after the start of the financial year, please include details of the original settlement. For further information refer to HMRC guide

Assets or funds put into trust in [year]

  • ‘Description of asset’ enter a description of the asset added
  • ‘Value of asset’ enter the value of the asset at the date it was added to the trust or settlement funds
  • ‘Additional description’
  • ‘Name of settlor’ enter the name of the settlor.
  • ‘Address of settlor’ click on ‘change address’ to enter or amend an address, for additional information see entering addresses.

Using income losses against capital gains

Firstly, please ensure that you are making the best use of the losses before proceeding. Select the Capital gains tab from the data input screen Click on the Disposals tab, and enter the relevant information Click on the Capital Losses tab, and enter the amount of loss that you wish to set off against the […]

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Restricting access to clients

This feature is only available for multiuser accounts, it has been designed so that you can restrict user access for certain clients if required. Users with “edit client access” rights AND who have access to a client can assign or remove access rights via the Access tab on the client screen. The default is that […]

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User restrictions within Taxfiler

This function is only available for a multiuser license. Some functions within Taxfiler can be restricted from a user. From the SETTINGS icon select Users and select the user that you wish to edit Select Restrictions tab You will be presented with several functions which can be selected or removed via a tick box. For […]

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