How to fill in box 1 on page T 1.

Article ID

ias-5824

Article Name

Created Date

4th April 2008

Product

IRIS Personal Tax

Problem

How is box 1 on page T 1 completed to show the net income from a discretionary trust?

Resolution

Users are required to: 1. Log on to Personal Tax and select client. 2. Select Trusts, Settlements and Estates, select Discretionary Trusts. 3. Click New, add the Trust details. 4. Enter the Net income, press Tab then enter the date income received.

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