Tax software for tax returns, statutory accounts, practice management and tax consultancy

 

Most Frequently Asked Questions

Frequently Asked Questions - Trust Tax Returns

 

Q: when I try to run the transfer forward for trust returns I get error code – 3265, M – item not found in headers collection
A: this suggests that the fields in the database did not update correctly during the installation and this therefore needs to be rerun.

Q: when I try to print a trust return through FBI I get an error code 5, invalid procedure call or argument
A: This is an issue in version 5.095-0 of tax platform which has now been resolved. Please access the new installation from the original site to install version 5.096-0.

Q: I am completing a trust return with Capital Gains Tax pages and on the further information on the Capital Gains pages TC6, the box 'Enter any connection between you and the person from whom you acquire the asset or to whom you disposed of the asset' only shows 28 characters when printed off, when there is space to include more characters
A: The workaround is to enter in that box “See additional information” and then enter all the details onto the additional information box on page TC8. The 28 Character limit is an HMRC requirement for this box.

Q: I have completed a trust return with land and property pages with an overall loss. This amount isn't being included in box 3.44 of the trust return
A: This was an issue with the first release of the partnership return 2010 software but this has been resolved in version 5.1.12 which can be downloaded through the spanner icon, web updates tab of the program, or via the software updates section of the website

Q: I have completed a trust return with CGT pages and completed the additional information box 5.24 and when I try to prepare the return for FBI I get a message that says "Error in XML: The element 'TrustCapitalGains' in namespace 'http://www.govtalk.gov.uk/taxation/SA/SA900/09-10/1' has invalid child element 'AdditionalInformationLine' in namespace 'http://www.govtalk.gov.uk/taxation/SA/SA900/09-10/1'. List of possible elements expected: 'OtherEvents, OtherSharesOrSecurities, LandAndPropertyDisposal, OtherAssets, AdditionalInformation' in namespace 'http://www.govtalk.gov.uk/taxation/SA/SA900/09-10/1'. Line 149, position 42."
A: This was an issue with the first release of the partnership return 2010 software but this has been resolved in version 5.1.12 which can be downloaded through the spanner icon, web updates tab of the program, or via the software updates section of the website

Q: I have completed a trust return and when I prepare the return to file online I have excluded the schedules as I do not wish these to go to HMRC, however when I try to print the return with a copy of the schedules for the client the schedules aren't being printed
A: This is an issue that we are aware of within the software and is currently being investigated by our development team and will hopefully be resolved in a future service pack

Q: I have a trust return not liable to income taxed at the special tax rate but I cannot select no at box 8.15 on page 3.
A: There are 3 trust types located on the client main details and boxes 8.15/8.16 are populated according to the trust type selected.

 

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