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HMRC internal manual

Trusts, Settlements and Estates Manual

HM Revenue & Customs
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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 £800.00 £200.00
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.