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

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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