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LemonTop

LemonTop

Joined: 3/23/2024

  • R185 where interest income is less than £500

    Sat, 23 Mar 2024 10:02:18 GMT – R185 where interest income is less than £500
    I'm the executor of an estate and also a beneficiary thereof. How should I complete form R185 statement of income from estate (specifically box 17 - savings income) where the amount of interest received by the estate is less than £500? I understand this does not need to be reported to HMRC, but because of this, no tax would have been taken off. Should I just complete box 17 with the gross amount?