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 |
拢4000.00 |
拢1000.00 |
Box 4 savings income |
拢550.00 |
拢137.50 |
The beneficiary uses the information on form R185(Trust Income) to make their tax return or to claim repayment.