TSEM8370 - Trust management expenses: IIP trusts: IIP beneficiaries: tax law: form R185 (Trust Income)
In the example in TSEM8365 the entries on the form R185 (Trust Income) given by the trustees to the beneficiary would be:
| - | Net Amount | Tax paid |
|---|---|---|
Box 3 non-savings income |
£4000.00 |
£1000.00 |
Box 4 savings income |
£550.00 |
£137.50 |
The beneficiary uses the information on form R185(Trust Income) to make their tax return or to claim repayment.