Trust Income (SA107)

What is Form SA107?

This is a supplementary form used to report to HMRC any income received from trust or from the estate of a deceased person estate.It is submitted alongside the main SA100 tax return and any other required forms

When do you need to complete form SA107?

You need to complete form SA107 if you were a beneficiary who received or were entitled to receive income from a trust or settlement, excluding bare trusts. You should also complete it if you were a settlor who has transferred money or assets into a trust or settlement, or if you received income from the estate of someone who has died. In addition, you must fill it in if you were liable to tax on income arising to the trustees of a settlor-interested trust or any other settlement in which you have an interest, or if you were liable to tax on income payable to your minor children from property you have placed in a settlement.

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To submit your SA107 click here