| 5 April 2023 | 5 April 2022 | |||||
|---|---|---|---|---|---|---|
| f | f | f | ||||
| Receipts: | ||||||
| Horse Sale | 112,801 | |||||
| Donations | ||||||
| Gift Aid recoverable | ||||||
| Interest | 0.73 | |||||
| Total Receipts | 112,801 | 0.73 | ||||
| Payments: | ||||||
| Horse purchases | 48,000 | |||||
| Veterinary fees |
996 | 353 | ||||
| Insura nce | 7,107 | |||||
| Training and riding |
services | 947 | ||||
| Horse maintenance | 6328 | |||||
| Printing, postage, and |
||||||
| stationery | ||||||
| Subscriptions | 135 | |||||
| Traveling | ||||||
| Computer cost |
312 | |||||
| Sundry | ||||||
| Legal and professional | fees | |||||
| Accountancy fees |
1,410 | 1,902 | ||||
| Interest correction | for | |||||
| 2016/2017 Accounts | ||||||
| Bank charges | ||||||
| Total Payments | (58,907) | (8,583) | ||||
| Net Receipts/(Expenses) | 53,894 | (8,582) | ||||
| Total unrestricted funds ofthe charity brought forward |
44,796 | 53,378 | ||||
| Total unrestricted | funds of | |||||
| the charity carried | forward | 98,690 | 44,796 |
| Step 1 | You may not have to answer all the questions in this tax return. |
You may not have to answer all the questions in this tax return. |
You may not have to answer all the questions in this tax return. |
Tick if this epplies | ||
|---|---|---|---|---|---|---|
| —read the notes in the Trust and Estate Tax Return Guide |
1) 2) |
lf you' re the trustee ofa bare trust (except an unauthorised unit trust), that is, one in which the beneficiary(ies) has/have an immediate and absolute title to both capital and income, you can go straight to Question 17on page 10.Do not tick the box if you choose to complete the return. Ifyou' re the personal representative ofa deceased person and completing this tax return for a period of administration and all the points below apply: |
||||
| ~ all the income arose in the UK |
||||||
| ~ you do not want to claim relief (Questions 10A and 10B) |
||||||
| ~ no annual payments have been made out ofcapital (Question 11) |
||||||
| ~ all Income has had tax deducted before you received it |
||||||
| ~ there are no accrued income profits or losses, no income from deeply discounted securities, |
gilt | |||||
| strips, company share buy-backs, offshore income gains, or gains on life insurance |
policies, | life | ||||
| annuities or capital redemption policies where no tax is treated as having been paid on |
the gain | |||||
| ~ no capital payments or benefits have been received from a non-resident, dual resident |
or | |||||
| immigrating trust |
||||||
| then, if you' ve made no chargeable disposals, go straight to Question 17on page 10, |
||||||
| Ifyou' ve made chargeable disposals, answer Questions 5 and 6 at Step 2 and then |
||||||
| Questions 17to 22. |
||||||
| 3) | Ifyou' re the trustee of an interest in possession trust (one which is exclusively an interest |
|||||
| in possession trust), and: |
||||||
| ~ no income arose to the trust, or |
||||||
| ~ all trust income is received directly by the beneficiary(ies), or |
||||||
| ~ all the income arose in the UK and has had tax deducted before you received it, or |
||||||
| ~ part ofthe income is received directly by the beneficiary(les) and the part that is not |
||||||
| received directly by the beneficiary(ies) comprises only income arising in the UK which |
||||||
| has had tax deducted before you receive it |
||||||
| and all ofthe following points apply |
||||||
| —the answer will be 'No' in box 8.13of Question 8 |
||||||
| —there are no accrued income profits or losses, no income from deeply discounted | ||||||
| securities, gilt strips, company share buy-backs, offshore income gains, or gains |
on life | |||||
| insurance policies, life annuities or capital redemption policies |
||||||
| —you do not wish to claim reliefs (Questions 10A and 10B) |
||||||
| —no annual payments have been made out ofcapital (Question 11) |
||||||
| —no further capital has been added to the settlement (Question 12) |
||||||
| —no capital payments have been made to, or for the benefit of, relevant children ofthe |
settlor | |||||
| during their lifetime (Question 15) |
||||||
| —the trust has never been non-resident and has never received any capital from another |
||||||
| trust which is, or at any time has been, non-resident (Question 16) |
||||||
| then, ifyou' ve made no chargeable disposals, go straight to Question 17on page 10. |
||||||
| Ifyou' ve made chargeable disposals, answer Questions 5 and 6at Step 2 and then |
||||||
| Questions 17to 22. |
||||||
| 4) | If you' re the trustee ofa charitable trust you must complete the charity supplementary |
pages | ||||
| as well as this form: | ||||||
| ~ ifyou' re claiming exemption from tax on all your income and gains, you can go straight to Question 7.You should answer Questions 10and 11,ifappropriate, and complete |
||||||
| Questions 19,20, and 22 |
||||||
| ~ | ifyou' re claiming exemption from tax on only part ofyour income and gains, you must |
|||||
| answer Questions 1 to 9for any income for which you' re not claiming exemption- |
||||||
| you should answer Questions 10and 11,ifappropriate, and complete Questions 19,20 and |
22. | |||||
| 5) | In any other case, including ifyou' re the trustee ofan unauthorised unit trust, you should |
|||||
| go to Step 2. | ||||||
| Answer Questions 1 to 7 and 23 to check ifyou need supplementary pages to give details |
of particular | |||||
| Step 2 | income or gains, The notes in the Trust and Estate Tax Return Guide will help. When you' ve answered |
|||||
| Questions 1 to 7 and Question 23, answer Question 8. |
||||||
| Go to www. gov.uk/taxreturnforms to download any supplementary pages that you need, Make download the supplementary pages for the Trust and Estate Tax Return. |
sure | you |
| Step | 1 | You may not have to answer all the questions in this tax return. |
nck If this epplles | ||
| —read | the | 1) Ifyou' re the trustee of a bare trust (except an unauthorised unit trust), that is, one in which |
|||
| notes | in | the beneticiary(les) has/have an immediate and absolute title to both capital and income, you can |
|||
| the Trust | go straight to Question 17on page 10.Do not tick the box if you choose to complete |
the return. | |||
| and Estate Tax Return Guide |
2) Ifyou' re the personal representative ofa deceased person and completing this tax return for a period of administration and all the points below apply: |
||||
| ~ all the income arose in the UK |
|||||
| ~ you do not want to claim relief (Questions 10A and 10B) |
|||||
| ~ no annual payments have been made out ofcapital (Question 11) |
|||||
| ~ all income has had tax deducted before you received it |
|||||
| ~ there are no accrued income profits or losses, no income from deeply discounted |
securities, | gilt | |||
| strips, company share buy-backs, offshore income gains, or gains on life insurance |
policies, | life | |||
| annuities or capital redemption policies where no tax is treated as having been paid |
on the gain | ||||
| ~ no capital payments or benefits have been received from a non-resident, dual resident or |
|||||
| immigrating trust |
|||||
| then, ifyou' ve made no chargeable disposals, go straight to Question 17on page 10. |
|||||
| Ifyou' ve made chargeable disposals, answer Questions 5 and 6at Step 2 and then |
|||||
| Questions 17to 22. |
|||||
| 3) Ifyou' re the trustee of an interest in possession trust (one which is exclusively an interest |
|||||
| in possession trust), and: |
|||||
| ~ no income arose to the trust, or |
|||||
| ~ all trust income is received directly by the beneficiary(ies), or |
|||||
| ~ all the income arose in the UK and has had tax deducted before you received it, or |
|||||
| ~ part ofthe income is received directly by the beneficiary(ies) and the part that is not |
|||||
| received directly by the beneficiary(les) comprises only income arising in the UK which |
|||||
| has had tax deducted before you receive it |
|||||
| and all ofthe following points apply |
|||||
| —the answer will be 'No' in box 8.13ofQuestion 8 |
|||||
| —there are no accrued income profits or losses, no income from deeply discounted | |||||
| securities, gilt strips, company share buy-backs, offshore income gains, or gains |
on life | ||||
| insurance policies, life annuities or capital redemption policies |
|||||
| —you do not wish to claim reliefs (Questions 10A and 10B) |
|||||
| —no annual payments have been made out ofcapital (Question 11) |
|||||
| —no further capital has been added to the settlement (Question 12) |
|||||
| —no capital payments have been made to, or for the benefit of, relevant children |
ofthe settlor | ||||
| during their lifetime (Question 15) |
|||||
| —the trust has never been non-resident and has never received any capital from |
another | ||||
| trust which is, or at any time has been, non-resident (Question 16) |
|||||
| then, ifyou' ve made no chargeable disposals, go straight to Question 17on page 10. |
|||||
| Ifyou' ve made chargeable disposals, answer Questions 5and 6 at Step 2 and then |
|||||
| Questions 17to 22. |
|||||
| 4) Ifyou' re the trustee ofa charitable trust you must complete the charity supplementary |
pages | ||||
| as well as this form: | |||||
| ~ if you' re claiming exemption from tax on all your income and gains, you can go straight |
|||||
| to Question 7.You should answer Questions 10and 11,ifappropriate, and complete |
|||||
| Questions 19,20, and 22 |
|||||
| ~ ifyou' re claiming exemption from tax on only part ofyour income and gains, you must |
|||||
| answer Questions 1 to 9for any income for which you' re not claiming exemption- |
|||||
| you should answer Questions 10and 11,ifappropriate, and complete Questions |
19,20 and | 22. | |||
| 5) In any other case, including ifyou' re the trustee ofan unauthorised unit trust, you should |
|||||
| go to Step 2, | |||||
| Answer Questions 1 to 7 and 23to check ifyou need supplementary pages to give details |
of particular | ||||
| Step 2 | income or gains. The notes in the Trust and Estate Tax Return Guide will help. When you' Questions 1 to 7 and Question 23, answer Question 8. |
ve answered |
| Client Payment Advice |
|||
|---|---|---|---|
| Payments Requited |
Payment | Dates | |
| Amounts Due To BePaid Via Instalments |
31/01/24 | 31/07/24 | |
| Final Instalment For 2022/23 |
0.00 | ||
| Interim Instalments For 2023/24 |
0.00 | 0.00 | |
| Less Payments Already Made |
0.00 | 0.00 | |
| Total Payable/(Refundable) | 0.00 | 0.00 |
| Tax due after | notional taxes paid | 0.00 |
|---|---|---|
| Assessable | Amount | 0.00 |
| Relevant Amount | 0.00 |