Self Assessment: 2004-2005 Tax Return Guidance : Corrections

We have found a few errors in parts of the 2004-2005 Tax Return guidance.

This note gives you the details. Corrections / amendments are shown on the relevant Portable Document Format (PDF) versions of the pages available on the Self Assessment Internet. All changes are highlighted.

Not all of these corrections / amendments will affect your Tax Return. But if you are using paper versions of the material please make the necessary amendments

Trust and Estate Tax Return

SA901 (Notes) – Notes on Trust and Estate Trade Pages

Boxes 1.74 and 1.75(page 6) should read:

Enter the date the basis period for 2004-05 begins and ends in boxes 1.74 and 1.75

SA904 - 2004-05 Notes on Trust and Estate Foreign

There is an error on page TFN16 of the Notes on Trust and Estate Foreign income.

The 'Calculation Help' above box TC51 should read:

Personal representatives enter TC46 X 20%

Tax Calculations

SA151C - The Comprehensive Tax Calculation Guide 2004-5

There is an error on page 32 of this guide.

The text above box c15.24 should read c4.15 minus c1.21

SA150 - Tax Return Guide.

Box 15.1, 2nd paragraph, 4th line should read:
Ask the Orderline for leaflet IR145: Low-interest loans provided by employers

Non- Resident Company Tax Return

SA700 – The Non–Resident Company Tax Return

There is an error on page 3. The text preceding box 2.17 should read:

Loss offset against other income from property (copy to box 2.43)

Notes on Capital Gains

SA108 (notes) – Notes on Capital Gains

Page 18, Section 6 - Taper relief

The heading on the right hand side table ( 10 year table) should read Gains on non-business assets

SA108 (notes) - Notes on Capital Gains

Page 18 Col 2 para 2

The final sentence of this paragraph should read

"For example, if you have more than 10% of a particular class of share in the company you will have a material interest."

Helpsheet IR235 - Calculation of student loan repayments on an income contingent student loan

There is an error on page 4, within the calculation help box to the left of box 12. This should read:
If the figure in box 13 is greater than the amount outstanding on your student loan account, you should contact your Inland Revenue office. You should still copy the figure in box 15 to box 18.2A on your Tax return.

Helpsheet IR236

There is an error on page 2, 'Completing the Self-employment pages', first bullet point. The text should read:

  • If your total receipts from foster care are not more than
    your qualifying amount
    • enter ‘Foster carer’ in box 3.2, tick box 3.9 and enter zero, ‘0’, in box 3.92
    • leave the rest of the Self-employment Pages blank.