Who should
complete SA107 Trust form
You will need to complete
SA107
Trusts, etc. forms if you were a beneficiary of a trust (excluding a
'bare' trust) or settlement, or the settlor of a trust or settlement
whose income is deemed to be yours, or if you received income from
the estate of a deceased person. You can also submit SA107 Trusts,
etc. if you were taxable:
- on income arising to trustees of a settlor-interested trust or
some other settlement in which you have an interest
- on income payable to your minor children from property you
have placed in settlement
- in certain situations on receipt of loans from a trust.
To use the SA107 Trusts, etc. form within
Andica Self
Assessment software for individual tax payers returns, while you
are within the 'What makes up your Tax Return' screen, select the
check-box for Question 6 - Trusts, etc.
If you received income from the estate of a deceased person do
not complete the Trusts etc. form if:
- what you were entitled to was a legacy of a fixed sum of money
or a specific asset, or
- your legacy was paid with interest – the interest goes in
Other income box 1 on SA100 Tax Return form, or
- that income came from a specific estate asset and can be
entered elsewhere on your Return, for example, rents from an
estate property.
You can use
SA107 notes to assist with information on how to complete
the Trusts, etc. form.
Andica Self Assessment
Tax
Returns Software for Individual tax payers provides features for
completion of SA107 Trusts, etc. forms along with
SA100 Main tax
return and all other
supplementary forms.
