TSEM3767 - Trust income and gains: beneficiary entitled to trust income - form R185 (Trust Income)
In the example in TSEM3766 the entries on the form R185 (Trust Income) given by the trustees to the beneficiary would be:
| Net amount | tax credit | taxable amount | |||
| 7.4 | 1600 | 7.5 | 400 | 7.6 | 2,000 |
| 7.7 | 800 | 7.8 | 200 | 7.9 | 1,000 |
The beneficiary uses the information on form R185 (Trust Income) to make his or her tax return or to claim repayment. The beneficiary is taxable on the gross amounts at boxes 7.6 and 7.9 at his or her marginal rate, and given credit for the amounts at 7.5 and 7.8.
