Type of Trust

This screen is accessed via the data input tab within the tax return. The screens vary depending on the type of trust selected.

  • Type of trust‘ Select the type of trust from the following in a drop down list
    • Estate
    • Bare trust
    • Interest in possession trust
    • Discretionary trust
    • Charitable trust
    • Unauthorised unit trust
    • Employment related trust
    • Heritage maintenance fund
    • Employer financed Retirement Benefit Scheme
  • ‘Does the special trust rate apply?’ Tick the box if the trust is liable to Income Tax at the special trust rates ( the trust rate of 45% or the dividend trust rate of 38.1%)
  • ‘Can settlor benefit from interest or capital? Tick the box if any settlor (or living settlor’s spouse or civil partner) benefit from the capital or income
  • ‘Trustee is participator in underlying non-resident company? Tick the box if the trustee is a participator in an underlying non-resident company (a company that would be a close company if it were resident in the UK)


  • ‘Date of death of deceased’, only available when type of trust is Estate
  • ‘Date trust terminated or administration period ceased’
  • ‘Reason for termination’
  • ‘Is there a trust created from this estate?’ only available when type of trust is Estate

Income to return

This section is available when the type of trust is Estate

  • ‘Trust returns no income or reliefs’
  • ‘Why not?’ When ‘Trust returns no income or reliefs’ is ticked and the type of trust is ‘Interest in possession trust’, then select a reason from the drop down list
    • No income arose
    • All income mandated to beneficiaries
    • All income is UK income with tax deducted
    • All income mandated or UK taxed income
  • ‘Has some taxed income been omitted from this return?’

Trust tax information

  • ‘Number of trusts made by same settlor’
  • ‘Standard rate band’

Additional text note for Tax return

Enter any additional white space notes that you wish to be included on 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 […]

Read More

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 […]

Read More

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 […]

Read More