C
-
Discretionary trust tax return
I am a trustee for a discretionary trust and completing the trust and estate tax return on paper. I have two questions 1. Question 9A amount of the standard rate band. The settler has initiated an offshore discounted gift trust. Would this reduce the standard rate band? My understanding of the trust tax return guide is that it would not. 2. This discretionary gift trust has income from savings interest in the UK which I have declared in the tax return. The trust also holds offshore investment assets - is there any need to mention this on the trust tax return whilst these assets remain offshore? -
RE: SIPP relevant earnings - what are "government securities"?
Hi, can anyone answer this question please? -
SIPP relevant earnings - what are "government securities"?
Hello, For calculating earnings that attract tax relief when making SIPP contributions, what is "pay paid by way of Government Securities"? Would income from treasury bills, taxed as income, count? Or the portion of a gilt that is taxed as income? From the list here. https://www.gov.uk/hmrc-internal-manuals/pensions-tax-manual/ptm044100#earnings