Capital paid to settlor

This screen is accessed via the data input tab within the tax return as is used to show capital amounts paid to a settlor. Select the form for each payment to each settlor. There may be a tax charge on the settlor where capital sums are paid to them by the trustees either directly or through a company connected with the settlor and there is available income. For additional information refer to HMRC guide.

Where the settlor is an individual, enter the name(s) of the settlor(s) in the additional text note. This information is used to complete Q15A page 8 on the SA900 return.

  • ‘Date’ enter the date the payment was made
  • ‘Amount’ enter the amount paid

Details of company (if applicable)

  • ‘Name of company’ Enter the name of the company.
  • ‘Registered office’ Click on ‘change address’ to select or enter the address. Refer to entering addresses for further information.

Additional text note for Tax Return

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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