startCCH Personal Tax: trust tax essentials training online (10133832)
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CCH Personal Tax: trust tax essentials training online (10133832)

CCH Personal Tax
Last update: Reading time 2 minutes
Training SessionsCourse Outlines

    Overview

    This course is to introduce CCH Trust Tax to new customers, enable them to create trust and estate tax returns, populate the tax returns and submit them to HMRC. The course will then enable delegates to transfer the R185T and R185E income of the beneficiaries to their individual self-assessment tax returns. 

    Prerequisites

    All delegates should have completed CCH Central: essentials. 

    Objectives

    By the end of the course delegates will understand how to create trust and estate tax returns and how to populate them. They will also learn how to submit tax returns and transfer the income of the beneficiaries to their personal tax returns. 

    Duration

    2 hours

    Cloudshare: This course will be delivered using an interactive hosted training environment called CloudShare.
    CloudShare provides a standardised virtual training environment for each attendee, enabling hands on interaction during the training session. You will receive a comprehensive set of instructions and recommendations prior to the training.

    Course contents

    • Overview & navigation
    • Add trustees, settlor and beneficiaries to the Central record
    • Creation of trust and estate tax returns (including Discretionary Trusts)
    • Errors & exceptions
    • Data entry:
      • Opening tax pool (Discretionary Trust)
      • Bank interest
      • Dividends
      • Land and property
      • Management expenses
      • Distributions
    • Review schedules, tax return and R185s
    • Online filing
    • Transfer R185T detail to beneficiaries  

    Other Trusts and estates:

    • Creation of Life Interest Trust tax return
    • Data entry:
      • Bank interest
      • Dividends
      • Land and property
      • Rate not applicable to trusts
    • Review beneficiary screen, tax return and R185s
    • Online filing
    • Transfer R185T detail to beneficiaries
    • Creation of an Estate tax return
    • Data entry
    • Transfer R185E details to beneficiaries
    • Summary.

    Who is this course designed for?

    The course is designed for new CCH Trust Tax users . 

    Useful Resources

    Related documents

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    The document outlines the process for validating a tax return before submitting it to HMRC. It specifies steps to open the tax return, validate it against HMRC standards, and correct any errors. It also describes how to add attachments, including schedules and the SA302 form, while noting attachment size limitations. Finally, the process to generate the IR mark is detailed, highlighting that it occurs only when no validation errors remain. This includes data saving, error checks, and snapshotting the tax return for database records.
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