Trust and Estate Tax Calculation Guide
For the year ended 5 April 2009
How to calculate the trust or estate's tax
Use this guide to work out the trust or estate's tax and to check any
calculation we send you.
If you ask us to calculate the trust or estate's tax, the completed paper
Tax Return must reach us by 31 October 2009.
If you complete a paper Tax Return you must make sure that this
reaches us by 31 October 2009. If your paper Tax Return reaches us
after this date, you will be liable to be charged an automatic penalty
If we receive the paper Tax Return after 31 October 2009 and you have
not worked out the tax, we will do it for you but we cannot guarantee
to tell you what to pay by 31 January 2010.
So if you do not know what to pay, make an estimate and pay that by
31 January 2010. Remember, if you do not pay enough, you will have to
pay interest and possibly a surcharge.
You can file online even if we have sent you a paper Tax Return. If you
file online, you have until 31 January 2010 to file your Tax Return. You
can use our Self Assessment Online service to file the Tax Return over
the Internet using 3rd party commercial software. If you file online, your
calculations are done for you and you will receive an instant on-screen
acknowledgement that your Tax Return has been received. Go to
www.hmrc.gov.uk for information about filing online.
If we receive your online Tax Return after 31 January 2010 then you will
be charged an automatic penalty of £100.
Whichever method you use to file your Tax Return, by 31 January 2010
• pay the balance of any tax the trust or estate owes for 2008–09, and
• pay the first payment on account for the 2009–10 tax year,
You must pay what is owed by this date to avoid interest and possibly
If you need help, then please ask us.
HMRC 12/08 net
TTCG Page 3
Layout of the calculation
Here is a summary of the stages you will see in the Working Sheet:
is for all the income and deductions you have included in your Tax Retur