How to fill in the Trust and Estate Tax Return

Transcription

1 Trust and Estate Tax Return Guide For the year ended 5 April 2011 How to fill in the Trust and Estate Tax Return This guide has step by step instructions to help you fill in the Trust and Estate Tax Return. The notes are numbered to match the boxes in the Trust and Estate Tax Return. These notes will answer most of your questions. If you need more help, please phone your HM Revenue & Customs office on the number shown on the front of your Trust and Estate Tax Return or see page 2 for further details. Filing dates for If you file a paper Trust and Estate Tax Return, you must do so by 31 October If you file the Trust and Estate Tax Return online, you must do so by 31 January SA950 TrusT and estate Tax return guide: page 1

2 What you have received What you should do first INCOME CAPITAL GAINS for the year ended55 April April 2011 OTHER AND INFORMATION for the year ended 2006continued Q1 d Est Trust an n Tax Retur Trust and Estat e Tax Calculatio n Guide For the year ed year end for the l 11 ended 5 April 2011 April Apri d 55 year ende for the ate How to calcu late the trust s or estattax Trust and Estate Return guide Use this guide e's tax to work out the trust s or estate For the year ended 5 April 2010 calculation we 's tax and to check send to you. any If you ask us to calculate the trust s or estate's tax, Trust and Estate the completed Tax Return must paper reach us by 31 If you complete Octob er a paper Trust and Estate Tax that this reache Return s us by 31 Octob you must make sure er If your Estate Tax Return paper Trust and reaches us after this date, we automatic penalt will charge you y of 100. an If we receive the paper Trust and Estate Tax Return 31 October 2011 after and you have not worked out do it for you but the tax, we will we cannot guara ntee to tellto 31 Januar guidey has step by step instructions help fill in This you whatyou to pay by the and Estate Tax Return. So Trust if you do not know what tax to pay, make by 31 Januar The notes are numbered match the boxes in the Trust an estima y te and Rememto pay that ber, if you do haveestate to pay Tax not pay enoug interereturn. and st and possibly h, you will a surcharge. You can file online even if we Most of your questions willhave be sent answered here. If you need Tax Return you a paper. If you file online Trust and Estate you have more help, please phone, your HMuntil Revenue & Customs your tax 31 Januar return. You can use y 2012 to file our Self the office theover number shown on Assess the front of your Trust tax on ment return Online service and the Internet using to file IfEstate you filetax Return see page 2 third for further details. party comm online, youror ercial software. calculations are an instant on-scr done for you and you will receiv een acknowledg ement that we e return. Go to have received Filing dates for.gov.u your tax k for information about If we receive your filing online. online tax return If you file a paper Trust and Estate Tax Return, you must after charg 31 January 2012 e you an autom atic penalt then we will y of 100. do so by 31 October Which ever method you use to file your byif31 Trust you fileythe Trust and Estate Tax Return online, you must Januar and Estate Tax Return 2012 you must:, pay theby do so 31 ejanuary balanc of any tax2011. the trust or estate pay the first owes for 2010 payment on accou 11, and nt for the 2011 if appropriate 12 tax year,. You must pay what is owed by this date to a surcharge. avoid interest and possibly If you need help, then please ask us. ss Issue addre nce Tax refere Date ms nue & Custo HM Reve trust or tax the ent of any ary your paym 31 Janu est, and Make sure reaches us by pay inter owes have to estate lty. you will ed. ent pena Otherwise be check n may a late paym Tax Retur false or possibly Estate lying and for supp The Trust penalties There are information. tax if estate s tax. But incomplete trust or estate's ng the trust or the return ate the Calculati receive t page firs guide you read this ctions will Please arrows and instru The greenyour tax return through T TRUST ESTATE TAX RETURN SA950 to send by law, income res you, ls of your e requi ments ining detai his notic any docu n conta a tax retur s, together with to al gain April 2010 paper form to year 6 and capit for the you this online return requested,. We have sent the tax 2011 to use also file 5 April need to calcul we and can w ill you buy). choose for you (you providing have to the tax You can service to, and fill in, but. work out internet you may ry 2012 not want, we will you do ments using our l so ftw are w hich by 31 Janua er 2011 docu to pay any or ercia by 31 Octob if there is tax n, and er 2011 comm know 31 Octob, see the tax retur let you later than notice was given late sure the this return Make h us by: if you file this us to calcu (sent with for, reac However, the date if you want file a paper hs after we ask lation Guide three mont r). ber 2011 tax or if you Tax Calcu Octo advise Estate tax e's 31. have a Trust and or estat n online your know you the trust or both, or Return the retur unless we n, e Tax you file if Estat tax retur 2012 and return. the tax January The Trust lities tax return by 31 choose, 12 of the ' - if the reach us of od you responsibi you pages 1 to tary pages Use r meth for must lty sent c pena s asked 'supplemen Whicheve l gains. We have forms document or an automati or capita need other income line and any You might particular ant dead t to file ed. the relev estate had and correc January be charg trust or. complete until 31 nt 100 will to check g us a page 3 you have it right. ve an insta we for sendin online, you get will recei responsible to help you that we If you file and you You are telling are here if return e even, but we dgement you: the tax onlin return owle ackn n Guide still file can help online, Tax Retur on-screen You can ways we n. To file you ved it. Three and Estate we know r tax retur have recei at the Trust return, unless of you a pape online look er most this tax d answ have sent.hmrc.gov.uk after (sent with r). It shoul d to you tax advise go to www a you issue have that er, or ensure ions, or n has been your quest the above numb If this retur, then you must later of: the e us on 2011 ksa n it by 31 July phon.hmrc.gov.u and retur to www e, or go complete issue. dates abov over date of relevant Continued the after the months three : PAGE 1 Trust and estate partnership Trust and estate UK property Q2 Did the trust or estate make any profit or loss or have any other income from a partnership? Q3 Did the trust or estate receive any UK property income? Q4 Did the trust or estate receive any income from foreign companies or savings institutions, offshore funds or trusts abroad, land and property abroad, or make gains on foreign life insurance policies? Is the trust or estate claiming relief for foreign tax paid on foreign income or gains, or relief from UK tax under a Double Taxation Agreement? Trust and estate trade Trust and estate foreign Capital gains Did the trust or estate dispose of chargeable assets worth more than 40,400 in total? Answer '' if: allowable losses are deducted from the chargeable gains made by the trust or estate, and the chargeable gains total more than the annual exempt amount before deduction of losses, or no allowable losses are deducted from the chargeable gains made by the trust or estate and the chargeable gains total more than the annual exempt amount, or you want to make a claim or election for the year. Read page 9 of the guide. Q5 How to fill in the Trust and Estate Tax Return For Reference Phone Make sure you have the supplementary pages you need; tick the box below when you have got them Did the trust or estate make any profit or loss from a sole trade? (Read page 8 of the Trust and Estate Tax Return Guide if you are the personal representative of a deceased Name at Lloyd's.) Q6 Q7 Q23 Trust and estate capital gains Is the trust claiming to be not resident in the UK, or dual resident in the UK and another country for all or part of the year? Is the trust claiming total or partial exemption from tax because of its charitable status? Trust and estate charities Pensions - in the case of an estate, are there any tax charges andor taxable lump sums? Read page 9 of the guide, tick if applicable. Estate pension charges etc. Trust and estate non-residence etc. Read pages 10 to 12 of the guide. Answer all the questions. Are you completing this tax return: Q8 No for a period of administration as the trustee of an unauthorised unit trust as the trustee of a Heritage Maintenance Fund as the trustee of an Employer Financed Retirement Benefit Scheme (EFRBS)? If this happened during the return year please enter the date the EFRBS first became operative in box on page 12. Read note on page 11 of the guide. Step as the trustee of an employment related trust If you are a trustee: - can any settlor (or living settlor's spouse or civil partner) benefit from the capital or income are you a participator in an underlying non-resident company (a company that would be a close company if it were resident in the UK) is the trust liable to Income Tax at the special trust rates (the trust rate of 50% or the dividend trust rate of 42.5%) on any part of the income or would it be on any income above the standard rate band (for example, it is a discretionary trust) has a valid vulnerable beneficiary election been made? Now fill in any supplementary pages BEFORE answering Questions 9 to 22, as directed. Please use blue or black ink to fill in the Trust and Estate Tax Return. Please do not include pence. Round down income and gains. Round up tax credits and tax deductions. Round to the nearest pound. TRUST AND ESTATE TAX RETURN: PAGE 3 HMRC 1210 Please turn over HMRC SA951 SA900 INCOME CAPITAL GAINS for the year ended55 April April 2011 OTHER AND INFORMATION for the year ended 2006continued AND 1210 TRUST AND ESTATE TAX RETURN GUIDE: PAGE 1 HMRC 1210 Q1 Q2 Q3 Did the trust or estate make any profit or loss from a sole trade? (Read page 8 of the Trust and Estate Tax Return Guide if you are the of a Tax deceased Name at Lloyd's.) hepersonal Trustrepresentative and Estate Return asks for T Did the trust or estate make any profit or loss or have details of income and capital gains. any other income from a partnership? Make sure you have the supplementary pages you need; tick the box below when you have got them Trust and estate trade With it Trust and estate partnership we sent two guides; one to help you fill in the trust or estate receive any UKthis property income? Didhave the Trust and Estate Tax Return, and another to Q4 Did the trust or estate receive any income from help you calculate theinstitutions, Trust oroffshore Estate's foreign companies or savings funds or trusts abroad, land and property abroad, you want to). or make gains on foreign life insurance policies? Trust and estate UK property tax bill (if The SA Orderline is open daily (except Christmas Day, Is the trust or estate claiming relief for foreign tax Allpaid trustees representatives get the on foreign and incomepersonal or gains, or relief from UK Q5 Boxing Day and Trust and estate foreign tax under a Double Taxation Agreement? first 12 pages. There are other New Year's Day) Capital gains on Did the trust or estate dispose chargeable 'supplementary' pagesof for someassets types of income worth more than 40,400 in total? and gains. Answer '' if:for example, there are pages for trade allowable losses are deducted from the chargeable gains made income, andor for foreign income. From thethan the by the trust estate, and the chargeable gains total more annual exempt amount before deduction of losses, or information we already have we will have included no allowable losses are deducted from the chargeable gains made by the trust or estate and the chargeable gains total any pages, if we think you need them, after more than the annual exempt amount, or you12 wantof to the make Trust a claim or election for thetax year.return. page and Estate Read page 9 of the guide. Q6 claiming to be not resident inwhether the UK, or dual Is the But ittrust is your responsibility, orresident not there in the UK and another country for all or part of the year? Q7 A textphone service is available on this number. You can also order by fax on , or online at Trust and estate capital gains contactusstaustellform.htm Trust andor estate non-residence in writing to POetc. Box are supplementary pages after page 12, to make Is the trust claiming total or partial exemption from tax because of its charitable status? sure that you complete the right ones. Trust and estate charities Pensions - in the case of an estate, are there any tax charges andor taxable lump sums? Read page 9 of the guide, tick if applicable. Q23 To register for Self Assessment You must send the ones you need to complete Q8 Read pages 10 to 12 of the guide. Answer all the questions. back tocompleting us on time Are you this taxwith return:the rest of your 37, St Austell, PL25 5YN. Estate pension charges etc. Online for Trusts go to Trust and No - for a Tax periodreturn. of administration Estate Otherwise, you will be liable to - as the trustee of an unauthorised unit trust an initial automatic penalty of 100, and further https: online.hmrc.gov.uk registrationorganisation as the trustee of an employment related trust as the trustee of a Heritage Maintenance Fund penalties for continued delay. Income for the year ended 5 April 2011 TRUST AND CHARITIES TRUST AND ESTATE N-RESIDENCE TRUST AND ESTATE ESTATE CHARITIES - as the trustee of an Employer Financed Retirement Benefit Scheme (EFRBS)? If this happened during the return year please enter the date the EFRBS first became operative in box on page 12. Read note on page 11 of the guide. Name of trust Fill in these boxes first Name of charity, if different Tax reference Income for the year ended 5 April 2011 Claim to exemption If you want help, look up the box numbers in the Notes on Trust and Estate Charities. TRUST AND ESTATE FOREIGN Name of trust or estate If you are a trustee: - can any settlor (or living settlor's spouse or civil partner) benefit from the capital or income 7.1 Charity repayment reference Tax reference Fill in these Do not delay 8.11 completing the8.12trust - are you a participator in an underlying non-resident company and Estate Tax Return (a company that would be a close company if it were resident in the UK) You do not have to wait - is the trust liable to Income Tax at the special trust rates (the trust rate of 50% for the deadline shown or the dividend trust rate of 42.5%) on any part of the income or would it be on any income above the standard rate band (for example, it is a discretionary trust) on8.15the front of 8.16 the tax - has a valid vulnerable beneficiary election been made? return. If you tackle it Now fill in any supplementary pages BEFORE answering Questions 9 to 22, as directed. earlier you will have more Please use blue or black ink to fill in the Trust and Estate Tax Return. time to get help if you Please do not include pence. Round down income and gains. Round up tax credits and tax deductions. need it. Sending it earlier Round to the nearest pound. Supplementary does not mean you have to pay tax any sooner. pages are illustrated TRUST AND ESTATE TAX RETURN: PAGE 3 Please turn over on pages 8 and 9 If you are not sure what to do, please ask for help of this guide. before you start to fill in the Trust and Estate Tax Return. first boxescommission Charity Registration Number or Scottish Charity Number 7.2 If you want help, look up the box numbers in the Notes on Trust and Estate Foreign. If the trust is a charity are you claiming exemption from tax on all or part of your income and gains? savings Foreign Have all income and gains that you are claiming to be exempt Income for the year ended 5 April 2011 from tax been, or are they to be, applied for charitable purposes? Fill in columns A to E, and tick the box in column E if you want to claim Foreign Tax Credit Relief. Return period Country Amount before tax of trust or estate5 April 2011? Name Are you returning information for the yeartick ended box if income Interest and 7.3 Period begins If not, what period boxes doesfirst this return cover? TRUST AND ESTATE PARTNERSHIP Foreign tax B C Special Withholding Tax Amount chargeable D E Tax reference tick box to claim Foreign Tax Credit Relief 䊲 and ends 7.4 You will need to fill in a copy of these pages for each partnership of which the trust or estate was a member, and for each other savings partnership carried If you want help, look up the boxnumbers in the Notes income on. on Trust and Estate Partnership. Are accounts to be enclosedbusiness with thethe return? is unremittable 䊲 A Fill in these - Partnership details see Notes TFN4 If 'No', explainpage why 7.5 Repayments Partnership reference number 2.1 estate Name of trust or Income for the year ended 5 April 2011 TRUST AND ESTATE TRADE Partnership trade or profession 2.2 Income Tax Amount already claimed on form R68 - see Notes on page TCHN1 7.6 Fill in these Taxbeing reference Date started being a partner Date stopped apartner boxes first Total repaymentpayment due (if during ) (if during ) Boxes 7.7, 7.9, and The notes on pages TTN1 and TTN2 tell you when you need to and complete more than one set of Trust and Estate Trade pages. You must complete a 7.10 separate copyof these pages: are not in use further repaymentpayment due The share of the partnership's trading or professional income or for each trade, and for each set of accounts relating to the basis period. For the year ended 5 April 2011 amounts overclaimed 7.12 Basis period begins and on ends Box numbers 1.9, to1.96 are not used and these pages. Has the amount in box 7.10 been included in any Business details repayment claim on form R68? Name of business Description of business Name of trust or estate Share of the exemption profit Income on which you are claiming 1.1 or loss of this year's account for tax purposes Dividends - see Notes Fill in these Non-exempt amounts should be entered in theaddress appropriate parts. boxes of firstbusiness pages TFN4 Adjustment tototal arrive at profitfrom for this basisactivities period turnover exempt trading 1.3 or loss Overlap profit brought forward and TFN5 TRUSTAND ANDESTATE ESTATEN-RESIDENCE N-RESIDENCE TRUST total of column above 4.1A 7.14 total of column above Tax reference The Notes on Trust and Estate Non-residence will helpaccounting you to fill period in boxes 6.1 to Investment overlap relief used this year income 7.15 Deduct Read page TTN2 of the Notes before filling in these boxes UK buildings income land andstatus Residence Overlap profit carried forward Start TRUST AND ESTATE TRADE TRUST AND ESTATE UK PROPERTY 2.14 SA907 Step 3 Income for the year ended 5 April 2011 End Gift Aid 7.17 as Postcode 1.4 if tick appropriate box): 1.5 trustees or personal representatives whole (please Averaging for farmers andthe creators of literary or artistic works (or are, foreignatax deducted Foreign Tax Credit Relief not claimed) 2.12 Other charities 7.18 Tick box 1.11 if the accounts do not cover the Tick box 1.6 details in 1.3 or have if Resident in boxes the UK1.1 for Income Tax purposes Name ofor trust estate 6.1 period from the last accounting date (explain changed since the last Trust and Estate Tax Return 1.6 Net profit for (if loss,enter here) Legacies 7.19 Fill in'0' these Tax reference why in the 'Additional2.13 information' box, Not boxes resident in the UK for Income Tax purposes 6.2 Date of commencement first box 1.116) 1.11 shares or securities received Gifts after 5 April 2008 enter '0' here) Allowable loss forif (ifofprofit, HMRC No SA No 6.10 total of column above 3.5 Legal and professional costs Total capitalallowancesbalancing chargesrepresentatives have any overseas income Did the trustees or personal 1.22during the year to 5 April 2011? 3.6 Cost of services provided, including wages Tick box 1.22A if box 1.22 includes enhanced capital allowances for No 6.12 total of boxes 3.2 to 3.7 SA902 Income and expenses required if the trustees or personal representatives claim to be non-resident in the UK for Information box 3.1 minus box 3.8 Gains purposes If the annual Capital turnovertwas ortax more, ignore boxes Instead, fillplease in page TT2over RUST 30,000 ANDTax ESTATE RETURN PARTNERSHIP : PAGEtoTP1 turn 1.22A 3.7 designated environmentally beneficial plant and machinery Other expenses HMRC 1210 Net profit (put figures brackets if atoloss) If the annual turnover was below 30,000, fill in in boxes instead of page TT2. Read page TTN3 of the Notes No 6.14 Were the trustees or personal representatives resident in the UK for Capital Gains Tax Expenses allowable for tax including capital allowances from box purposes in the year to 5 April 2010? 6.15 No box 1.24 minus box and 1.25 Private use Boxes 6.17 box box 3.11 Net profit (put figure in brackets if a loss) are not used Balancing charges Did the trustees or personal representatives carry on a trade in the UK through a now fill in page TT3 You must permanent establishment that made disposals for capital gains in the3.13 yearto 5 April 2011? 6.19 No 6.20 Capital allowances Total Total SA SA903 see Notes, page TLN4 see Notes, page TLN4 Please turn over Total gains H Copy to box 5.1 Copy to box 5.2 Enter chargeable gains after reliefs, but before losses in lines 1 to 6. Enter losses arising in lines 7 to 8. Please turn over Total losses For the year ended 5 April 2011 TRUST AND ESTATE TAX RETURN UK PROPERTY: PAGE TL1 HMRC 1210 TRUST ANDCAPITAL ESTATE GAINS CAPITAL GAINS TRUST AND ESTATE 3.17 Loss offset against other income from property (copy to box 3.37) Tax reference Loss relief to be calculated by reference to earlier years Enter details of any elections made, reliefs claimed or due and state amounts () continued over G 3.16 Disposal proceeds 3.15 Loss offset against total income E 3.14 boxes minus box 3.13 TRUST AND ESTATE TAX RETURN N-RESIDENCE: PAGE TNR 1 Loss for the year (if you have entered '0' in box 3.14) D Profit for the year (copy to box 3.19). If loss enter '0' in box 3.14 and put the loss in box 3.15 HMRC 1210 C boxes minus box 3.13 Tick box 3.13A if box 3.13 includes enhanced capital allowances for designated environmentally 3.13A beneficial plant and machinery TRUST AND ESTATE TAX RETURN TRADE: PAGE TT1 HMRC 1210 B SA901 TRUST AND ESTATE TAX RETURN CAPITAL GAINS: PAGE TC AA Tax adjustments Turnover including other business receipts and goods etc. taken for personal use Did the trustees personal representatives change during the year to 5 April 2011? and balancing charges from boxor1.23 Tick Enter the Enter the Type of box if later of date disposal estimate date of of disposal Enter acquisition Q, U, L or or O, see* on valuation and 31 March 1982 Page TC2 used HMRC 1210 Name of trust or estate Brief description of assets Enter full description of assets on page TC5 and onwards A 1.17 If you want help, look up the box numbers in the Notes on Trust and Estate Capital Gains. 3.1 to be non-resident in the UK for box box 2.21 during the year to 5 April 2011? (Claims to, and balancing charges arising on, Business Premises Renovation Were the trustees or personal representatives resident in the UK for Income Tax Allowance must also be included in boxes 21.9including and on the return.) 3.4 Finance charges, interest purposes in the year to 5 April 2010? boxes first Balancing charges box 2.13 minus box total of column above HMRC Total taxable Did the trustees or personal representatives change 100%, enhanced and other allowances capital Repairs, maintenance and renewals profits from this business If '', fill in boxes 3.1 to 3.18 before completing page TL2 6.6 Gains Amount included in profit box 4.2 thatlosses does not qualifyforward for UK tax credit - see Notes, page TFN5 Taxable after brought 4.2B 2.20 Capital allowances at 10% on equipment including cars with higher Information required the trustees orlettings personal claim Expensesif(furnished holiday only)representatives CO2 emissions 1.16 Tax purposes Add amounts not includedincome in the partnership accounts which are needed to calculate the taxable profit Agricultural or Industrial Buildings Allowance (a separate calculation must 2.21 TRUSTfor ANDeach ESTATE TAX of RETURN FOREIGN ETC: PAGE TF1 Please turn1.18 over be made block expenditure) 3.2 Rent, rates, insurance, ground rents, etc. 2 HMRC 1210 Losses 7 Losses brought forward from last box year 6.6 if the deceased is being 2.18 Tick whose estate lettings in administered the UK was domiciled outside Capital allowances andfurnished balancingholiday charges the UK at the date of death total of column above total of column above Losses brought forward from last year used this year 2.19 Capital allowances Capital allowances at 20% on equipment including 4.2Acars 4.2 with lower Income from furnished holiday lettings CO emissions 8 in the UK want for Capital Taxthe purposes Tick 6.3 box 1.12 ifon thetrust accounting dateuk hasproperty. If you help,gains look up in the and Estate Resident received Notes box numbers Date of cessation Gifts of real property 7.20A Loss offset against other income for (only if this is a permanent change 2.15 changed if before 6 April decide Answer this question to help you which parts of pages TL1 and TL2 to fill in. want it to count for tax) Tax purposes and you Not residentin Other the UKsources for Capital7.21 Gains Loss - relief to calculated to earlier be Tick box 1.10byif reference you entered details years for all relevant 2.16 TRUST AND ESTATE TAX RETURN : PAGE TCH1 continued over CHARITIES 1.13 if this is the second or further SA905 Isyear's the income from furnished holiday lettings? Tick box accounting oninlast Trust and Estate periods Resident a country other than the UK (under a Double Taxation Agreement) at the If to not applicable, over and fill in page TL2 tochange give details of thein property income (explain box on page TT4 why Tax Return boxes 1.14 and 1.99 to Loss to carry forward (that and is same allowable loss not1.73 claimed inturn other time as being resident inany the UK way) you have not used the same date as last year) will be blank Fill in these HMRC 1210 TrusT and estate Tax return guide: page 2 If you decide to file your Trust and Estate Tax Return online, the first thing you need to do is register with our online service and then purchase third party commercial software. The online service is secure and accurate, plus you will receive an immediate acknowledgement of receipt. In addition: you will have until 31 January to file the tax return online, and if we owe the trust or estate money then a faster repayment should be made than if you fill in a paper tax return. If you decide to file your return on paper, you will need to fill in page 3 of the Trust and Estate Tax Return to see which pages you need to fill in. Pages 8 and 9 of this guide will help. Next, if you need any of the supplementary pages or helpsheets mentioned in this guide phone the SA Orderline or go to If you ask us to calculate the trust's or estate's tax, or if you complete a paper Trust and Estate Tax Return, you must make sure it reaches us by 31 October If the paper tax return reaches us after this date, you will be charged an automatic penalty of 100. If we receive the Trust and Estate Tax Return after 31 October 2011 and you have not worked out your tax, we will do it for you but we cannot guarantee to tell you what to pay by 31 January So if you do not know what to pay, make an estimate and pay that. If you do not pay enough, you will have to pay interest and possibly a late payment penalty. If you miss the 31 October 2011 deadline for the paper tax return, you can still file online by 31 January 2012 and no penalty will be charged, provided you didn t file your paper tax return with us first. If you file a paper tax return after 31 October 2011, or an online tax return after 31 January 2012, then you will be liable to an automatic penalty of 100 and further penalties if the delay extends beyond three months. Make sure payment of any tax reaches us by 31 January Otherwise, you will have to pay interest and a late payment penalty.

3 Mr S Jones 58 Brook Road Formby Liverpool L37 7TY Statement Number 009 Sheet 1 of 1 Tax reference Statement Date 17 June 2011 Issued by: Area Director Anytown Tax Office 12 High Street Anytown AN1 3WE Telephone for general enquiries Telephone for all payment queries Date Description Tax Due Credits Balance 05 MAY 11 Balance bfwd from previous statement MAY 11 Payment thank you JUN 11 Interest charged JUL 11 2 nd Payment on account due for year Amount to pay Alliance & Leicester Bootle Merseyside GIR 0AA COMMERCIAL BANK MR S JONES If you need to use the payslip, please detach here Payslip Amount to pay: Amount overdue Amount due by 31 Jul Total amount payable Interest is running on the balance due at the statement date, so please pay it now. A further amount, as shown, is becoming due shortly. You will be charged interest if you pay late. Reference Signature Trans cash SA300 Shipley HMRC 0409 Credit account number Date Amount due (no fee payable at PO counter) K CHEQUE ACCEPTABLE NATWEST BANK PLC HEAD OFFICE COLLECTION AC HM REVENUE & CUSTOMS CASH CHEQUE Please do not fold this payslip or write or mark below this line K & X bank giro credit For official use For official use Company x dividend BuiLding society statement When your HM Revenue & Customs office is closed, phone the SA Helpline on for general advice (textphone is available). It is open every day (except Christmas Day, Boxing Day and New Year's Day). Yr laith GymraegWelsh Language Ffoniwch i dderbyn fersiynau Cymraeg o ffurflenni a chanllawiau. You are responsible for the accuracy of the Trust and Estate Tax Return. If we cannot agree with the information you provide, or we differ on a point of law, you have right of access to an independent tax tribunal. Factsheet HMRC1: HM Revenue & Customs decisions what to do if you disagree, available from or your HM Revenue & Customs office, tells you about this process. What next Gather together information about the financial circumstances of the trust or estate for , such as dividend vouchers and other financial records. Do not send these with the Trust and Estate Tax Return; keep them safe. If you are a trustee you need to decide: if you are resident in the UK, and at what rate you are taxable. To do this you must work through the guidance for Question 8 on pages 10 to 12 of this guide. Personal representatives should refer to the section 'Basis of taxation for personal representatives' on page 10 of this guide. When you are ready to fill in the Trust and Estate Tax Return, pages 4 and 5 of this guide tell you what to do, and the rest of the guide will help you fill in the boxes. If you need more help ask us or your tax adviser. If you have a disability that makes filling in the tax return difficult we will be able to help you complete the form. If this applies, please contact us. If, after sending us the Trust and Estate Tax Return, you find that you have made a mistake, or any details have changed, then let us know at once. You must provide final figures to replace any provisional amounts as soon as you can. You will only be penalised if the tax return is incorrect because you failed to take reasonable care or if there is unreasonable delay in providing corrected figures once they are known to you. The maximum penalties can range from 30% to 100% of the difference between the correct tax due and the amount that would have been due on the basis of the figures you returned. In some circumstances you could also be prosecuted for deliberate errors. Self Assessment Statement To find out what you can expect from us and what we can expect from you go to and have a look at Your Charter. Page 31 explains how to complain if you are dissatisfied with the way we handle the trust's or estate's tax affairs. Read page 30 of this guide if the Trust and Estate Tax Return was delivered to you after 31 July What we do When we get the completed Trust and Estate Tax Return we will process it using your figures, to work out how much the trust or estate owes, or how much we owe it. If we see any obvious mistakes - for example, in the arithmetic - we may put them right and tell you what we have done. If we are not sure about a figure you have entered on your tax return, we may want to contact you to make sure we have understood what you meant. It would be helpful if you enter a daytime phone number in box When we process the return we shall only be looking at the tax return and documents we have requested. We will send you our calculation of the trust or estate tax if you have asked us to do it. If you have calculated the trust's or estate's tax, we will let you know if it is wrong. We will send to you a statement of the trust's or estate's account with us but if you miss the 31 October 2011 deadline it may not include the liability for This will explain how to pay any tax due - see the notes on page 29 of this guide. Once the Trust and Estate Tax Return has been processed it may be checked. We have 12 months after we receive the tax return to do this. We may make some enquiries about the figures and ask you to send us the records from which you took them. We may also check the figures against details received from other sources, such as banks. KEY DATES AND SUMMARY 2011 You must, by law, have kept all records. Failure to do so could give rise to penalties. April 2011 You receive the Trust and Estate Tax Return: check to see you have the right pages find the trust's or estate's records fill in the Trust and Estate Tax Return Go to for information about filing online. When you file online: you have a later deadline to complete the tax return, and you will receive an immediate acknowledgement of receipt. 31 October 2011 You must get your tax return to us by this date if you want us to: calculate the trust's or estate's tax tell you what to pay by 31 January If we receive a paper tax return after 31 October 2011, you will be charged an automatic penalty of 100. You can avoid this penalty if you file online after this date, even if we have issued a paper tax return. 31 January 2012 Whichever method you use to file your tax return, this date is important if you want to avoid automatic penalties and interest. You must: make sure we have received the completed online tax return pay the balance of any tax the trust or estate owes for pay the first payment on account for the tax year, if appropriate. You must send us the Trust and Estate Tax Return and pay what is owed by this date to avoid automatic penalties and interest. HMRC 1210 TrusT and estate Tax return guide: page 3

4 Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q23 Q8 Step 3 HMRC 1210 Did the trust or estate make any profit or loss from a sole trade? (Read page 8 of the Trust and Estate Tax Return Guide if you are the personal representative of a deceased Name at Lloyd's.) Did the trust or estate make any profit or loss or have any other income from a partnership? Did the trust or estate receive any UK property income? Did the trust or estate receive any income from foreign companies or savings institutions, offshore funds or trusts abroad, land and property abroad, or make gains on foreign life insurance policies? Is the trust or estate claiming relief for foreign tax paid on foreign income or gains, or relief from UK tax under a Double Taxation Agreement? Trust and estate foreign Capital gains Did the trust or estate dispose of chargeable assets worth more than 40,400 in total? Answer '' if: allowable losses are deducted from the chargeable gains made by the trust or estate, and the chargeable gains total more than the annual exempt amount before deduction of losses, or no allowable losses are deducted from the chargeable gains made by the trust or estate and the chargeable gains total more than the annual exempt amount, or you want to make a claim or election for the year. Trust and estate capital gains Read page 9 of the guide. Is the trust claiming to be not resident in the UK, or dual resident in the UK and another country for all or part of the year? Trust and estate non-residence etc. Is the trust claiming total or partial exemption from tax because of its charitable status? Trust and estate charities Pensions - in the case of an estate, are there any tax charges andor taxable lump sums? Read page 9 of the guide, tick if applicable. Estate pension charges etc. Read pages 10 to 12 of the guide. Answer all the questions. Are you completing this tax return: No - for a period of administration as the trustee of an unauthorised unit trust as the trustee of an employment related trust as the trustee of a Heritage Maintenance Fund as the trustee of an Employer Financed Retirement Benefit Scheme (EFRBS)? If this happened during the return year please enter the date the EFRBS first became operative in box on page 12. Read note on page 11 of the guide If you are a trustee: - can any settlor (or living settlor's spouse or civil partner) benefit from the capital or income are you a participator in an underlying non-resident company (a company that would be a close company if it were resident in the UK) is the trust liable to Income Tax at the special trust rates (the trust rate of 50% or the dividend trust rate of 42.5%) on any part of the income or would it be on any income above the standard rate band (for example, it is a discretionary trust) has a valid vulnerable beneficiary election been made? Now fill in any supplementary pages BEFORE answering Questions 9 to 22, as directed. Please use blue or black ink to fill in the Trust and Estate Tax Return. Please do not include pence. Round down income and gains. Round up tax credits and tax deductions. Round to the nearest pound. TRUST AND ESTATE TAX RETURN: PAGE 3 Make sure you have the supplementary pages you need; tick the box below when you have got them Trust and estate trade Trust and estate partnership Trust and estate UK property Please turn over Filling in the Trust and Estate Tax Return How to fill in the boxes Questions Q1 to Q7 and Q23 Answer all the applicable questions and fill in the appropriate pages and boxes. Step 1 Read the first part of page 2 of the Trust and Estate Tax Return to find Taxable amount 9.8 3,500 National Saving box 9.8 Enter in Easy Access Saving Investment accoun Income bonds Capital bonds (ent Write clearly using blue or black ink and only in the spaces provided. Use numbers only, when you are asked for amounts. Please do not include pence - round down income and gains, to the nearest pound, and round up tax credits and tax deductions - for example, if National Savings & Investments interest is 3,500.87, enter 3,500 in box 9.8. Round all the boxes, not just totals. For example, if you need to fill in boxes 9.12 to 9.14, round down boxes 9.12 and 9.14, and round up box (This may mean that box 9.14 does not exactly equal box 9.12 plus box 9.13.) Please do not include entries such as 'per attached', 'per enclosed accounts' or 'to follow'. Do not delay sending the Trust and Estate Tax Return just because you do not have all the information you need - see the notes for box 21.5 on page 26 of this guide. If you need help, look up the Question or box number in the notes. The first part of each number shows which Question it relates to, for example, box 9.8 is the eighth numbered box of Question 9. You may find that in some parts of the Trust and Estate Tax Return you are asked to put a loss in brackets. When you are asked to add a number to a loss, you should deduct one from the other (for example, 60 + (40) = 20). Step 2 out if you can ignore some of the Questions (there is a flow chart on pages 6 and 7 of this guide that will help you decide). Although there is no requirement on bare trustees to make a tax return, you do have the right to complete the tax return and account for any basic or lower rate tax due on income received gross provided this is acceptable to all beneficiaries. However, bare trustees cannot return any capital gains or gains on life insurance policies, life annuities or capital redemption policies; these continue to be the beneficiaries' responsibility only. Beneficiaries will also be required to enter all trust income received (either net or gross) on any tax return, or claim form, they are required to complete. If you are the trustee of a charitable trust read part 4 of Step 1 on page 2 of the Trust and Estate Tax Return to see if you can ignore some of the Questions in the return. Answer Questions Q1 to Q7, Q23 and then Q8 (unless Step 1 has instructed you otherwise) on page 3 of the Trust and Estate Tax Return. If you tick the '' box phone the SA Orderline for any supplementary pages you need, or go to INCOME OTHER AND INFORMATION CAPITAL GAINS for the for the year year ended 5 April continued Page 3 of the Trust and Estate Tax Return HMRC 1210 TrusT and estate Tax return guide: page 4

5 Supplementary pages Step 3 Pages 4 to 12 Fill in the Then fill in Questions Q9 to Q22, as directed by supplementary pages the tax return. WHAT IS IN THE REST OF YOUR TAX RETURN GUIDE Income for the year ended 5 April 2011 Pages 8 and 9 will help you fill in page 3 of the Trust and Estate Tax Return. TRUST AND ESTATE PARTNERSHIP that apply to you. Name of trust or estate Tax reference Fill in these boxes first You will need to fill in a copy of these pages for each partnership of which the trust or estate was a member, and for each business the partnership carried on. If you want help, look up the box numbers in the Notes on Trust and Estate Partnership. Partnership details Partnership reference number Date started being a partner (if during ) 2.3 Date stopped being a partner (if during ) The share of the partnership's trading or professional income 2.5 Basis period begins and ends 2.6 Share of the profit or loss of this year's account for tax purposes Adjustment to arrive at profit or loss for this basis period Overlap profit brought forward 2.9 Overlap profit carried forward Q9 Deduct overlap relief used this year 2.10 Averaging for farmers and creators of literary or artistic works (or foreign tax deducted if Foreign Tax Credit Relief not claimed) Net profit for (if loss, enter '0' here) Allowable loss for (if profit, enter '0' here) 2.14 Loss offset against other income for Loss - relief to be calculated by reference to earlier years 2.16 Loss to carry forward (that is allowable loss not claimed in any other way) 2.17 Losses brought forward from last year 2.18 Example of filling in page 4 of the Trust and Estate Tax Return INCOME for the year ended 5 April 2011 continued If you use photocopies, Partnership trade or profession Losses brought forward from last year used this year Add amounts not included in the partnership accounts which are needed to calculate the taxable profit If yes, fill in boxes 9.1 to 9.40 as appropriate. or estate's name and tax Pages 10 to 27 give you box by box guidance to help you fill in pages 3 to 12. If you wish, you may in the following circumstances leave blank some of boxes 9.1 to 9.40: reference on each copy. a) if you are the trustee of an interest in possession trust (one which is exclusively an interest in possession trust), box 2.13 minus box 2.19 Taxable profit after losses brought forward Did the trust or estate receive any other income not already please enter the trust's included on the supplementary pages? you may exclude income which has had tax deducted before you received it (or is UK dividends with tax credit) unless box box 2.21 SA902 Total taxable profits from this business TRUST AND ESTATE TAX RETURN PARTNERSHIP: PAGE TP1 HMRC (i) that income has not been mandated to the beneficiary and there are accrued income scheme losses to set against the interest or you are claiming losses against general income, or (ii) its exclusion would make you liable to make a payment on account which would not be due if you included it see page 15 of the Trust and Estate Tax Calculation Guide concerning payments on account before following this guidance. Please turn over Example of filling in boxes on page TL2 b) if you are the personal representative of a deceased person you may exclude income which has had tax deducted Estate of the supplementary Trust and before you received it (or is UK dividends with tax credit) unless there are accrued income scheme losses to set against the interest. If the reliefs claimed at Question 10A on page 6 exceed untaxed income, you will need to include estate UK Property pages cluding dividendsdistributions from Real Estate Investment Trusts or You can use page 28 to add up any figures to be included in the tax return. income that has had tax deducted to ensure a repayment can be calculated. nt Funds) Have you received any taxed income (or UK dividends with tax credit) which you are not including in this Trust and Estate Tax Return because (a) or (b) above apply? copy from box 3.14 nd property A 24,000 Tax deducted Interest and alternative finance receipts Interest and alternative finance receipts from UK banks and building societies (including UK Internet accounts) if you have more than one bank or building society etc. account enter totals in the boxes. Page 29 includes information about paying the trust's or estate's tax. boxes A 24,000 Taxable amount where no tax has been taken off 9.1 ou have already put in boxes 3.2 to 3.7 on Page TL1) 3.24 etc wages - where tax has been taken off the Working Sheet on page 13 of the guide will help you to fill in boxes 9.2 to , Other taxed UK interest distributions see page 14 of the guide (do not include Property Income Distributions) total of boxes 3.24 to arising under nce which a claim for er shops 3.35 Other income from UK savings and investments (except dividends) 9.12 m box 3.18) 3.37 calculate9.13 the Date 9.1 to 9.40, 21.5 Amount please enter the amount in box Do not include any refunds of excessive payments on 21.6 Disclosure of tax avoidance schemes if the trust or estate is a party to one or more disclosable tax avoidance schemes you must complete boxes 21.7 and Give details of each scheme (up to 3) on a separate line. If the trust or estate is a party to more than 3 schemes, details of the additional schemes must be reported on form AAG4. calculation. The Trust and tells you what to do C trust's or estate's tax,boxes you3.35will Fill in Question 17 if have to include this in 3.38figure Estate Tax CalculationGuide 3.39 you have calculated Business Premises Renovation Allowance (BPRA) - Read page 27 of the Trust and Estate Tax Return guide before you fill in these boxes. TRUST AND ESTATE TAX Rinformation ETURN: PAGE 4 Additional the Declaration and Q Declaration send the completed I have filled in and am sending back to you the following Trust and Estate Tax Return pages: 1 to 12 of this form 21.10A tax bill. box 3.39 minus box 3.41 Balancing charge Finally, sign and date If you have used an HMRC Toolkit for managing risks, tick box 21.10A 3.43 Capital allowance the trust's or estate's box Tax year in which the expected advantage arises year ended 5 April Estate Tax Calculation Guide Scheme reference number If you want to calculate the year Trust and estate non-residence etc. tax return back to us. Trust and estate UK property Trust and estate trade 1 TO 12 OF THIS FORM Trust and estate foreign Trust and estate partnership Trust and estate capital gains Trust and estate charities Do not includeestate thepension charges etc. Before you send the completed tax return back you must sign the statement below. trust's or estate's details of property let jointly If you give false information or conceal any part of trust or estate income or chargeable gains, you may be liable to financial penalties andor you may be prosecuted financial records. Keep The information I have given in this tax return is correct and complete to the best of my knowledge and belief. w go back to page 4 of the Trust and Estate Tax Return and finish filling it in. RUST AND in trust's any Gift Aidin repayments account or relevant figures the claimed on form R68 Claim. HMRCyou 1210 will help work it out. boxes minus ar 9.14 boxes box 3.38 d the note on page TLN tick the '' box and fill 21.4 If any tax was refunded directly by the HM Revenue & Customs office, or (personal as appropriate. or estate's tax, include representatives only) by the Jobcentrethe Plus (in Northern Ireland, the Social Security Agency), the calculation. Theboxes Trust and minus box 3.39) received any other income If this Trust and Estate Tax Return contains any figures that are provisional because you do not yet have final figures, please tick box Read page 26 of the guide and put the loss in box 3.40) If you are a trustee and the trust was terminated in the year to 5 April 2010 please enter in want to Date 21.2 If the administration period ceased in the year to 5 April 2010 and there is a continuing trust, has had tax deducted. If you the reason for termination. claim. Date 21.1 the off date of termination and,tax in the 'Additional information' box, box below, Amount afterbox tax21.4 taken taken off Gross amount before tax 3.35B 3.36 If you are completing this Trust and Estate Tax Return as a personal representative, please enter in box 21.1 the date of death of the deceased. tick box building society interest which 3.35A 9.7 Amount after tax taken off Tax taken off Gross amount before tax National Savings & Investments First If the administration period ceased in the year to 5 April 2010, please enter in box 21.2 If the9.11 trust or estate Option Bonds and Fixed Rate Savings Bonds 9.9 Enterthein total boxes datethese of cessation the the expenses you want 3.35C Taxable amount Enter in these boxes enhanced vironmentally to Notes at the back of this guide will help you complete any supplementary pages we have included in this tax return. Gross amount before tax Other Information box box box 3.23 minus box Tax taken off ess Premises also be Gross amount before tax Amount after tax taken off Q Tax taken off 80 7,400 National Savings & Investments (other than First Option Bonds OTHER INFORMATION for the year ended 5 April 2010 continued 16, Rate and Fixed Savings Bonds) loss) Amount after tax taken off 9.2 Signature John Green them safe. Date ESTATE TAX RETURN UK PROPERTY: PAGE TL2 Printed in the UK by Adare Group 1209 Please print your name in box 22.2 Enter the capacity in which you are signing in box HMRC 1209 HMRC 1210 TRUST AND ESTATE TAX RETURN: PAGE 12 TrusT and estate Tax return guide: page 5 Printed in the UK by Adare Group xxxxxxx 1209