Income from foreign estate

This section is accessed via the data input tab within the tax return use it to enter details of income arising from a foreign estate.

All amounts of foreign income received and foreign tax paid must be entered in sterling.

In most circumstances foreign income only needs be declared where the tax payer is resident in the UK for all or part of the tax year. Do not enter foreign income if the tax payer is non-resident as Taxfiler will include all entered income on the return and computation.

  • Name of estate‘ Enter the name of the estate.
  • ‘Country‘ Enter the name of the country in which the income arises.

Income details are entered via a grid format

  • Description of income‘ Enter a brief description of the income arising from the estate.
  • Income‘ Enter the full amount of taxable income.
  • Foreign tax‘ Enter the amount of any foreign tax suffered.
  • Claim Foreign Tax Credit Relief?‘ Tick the box if you wish to claim Foreign Tax Credit Relief on the foreign tax. If this box is not ticked then foreign tax will be treated as a deduction from the income.
  • UK Tax withheld‘ Enter any UK tax withheld from the income.

To delete a line from the grid, click the ‘trash can’  button at the end of the line.

Additional text note for Tax Return

Enter any additional information you wish to appear in the white space of the 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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