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 his or her tax return or to claim repayment.