Other Tax Reliefs

Other Tax Reliefs is an optional module that allows you to enter data that will form part of the submission to HMRC and be included in the tax calculation and reports.

UK patent royalty payments made Enter the amount paid in patent royalty payments. Do not include the amount withheld for tax. 20% tax must be withheld from the amount of patent royalties paid. The withheld tax is paid as part of the tax due on the income.
Annual payments made Enter the amount of annual payments paid under a legal obligation because of a trade or profession. 20% tax must be withheld from the amount paid.
Subscriptions for Venture Capital Trust shares Enter the amount, up to £200,000, subscribed for VCT shares. Tax relief can be claimed if the subscriber was 18 or over when the shares were issued. Details of each investment must also be provided in Additional Information.
Subscriptions for Enterprise Investment Scheme shares Enter the amount claimed, up to £2 million. Tax relief can be claimed if either form EIS3 of EIS5 has been received. Any amount over £1 million must be for shares issued by a knowledge-intensive company. Details of each investment must also be provided in Additional Information.
Subscriptions for Seed Enterprise Investment Scheme shares Enter the amount claimed, up to £100,000. Tax relief can be claimed if form SEIS3 has been received. Details of each investment must also be provided in Additional Information.
Social Investment Tax Relief Enter the amount invested, up to £1 million. SITR can be claimed if form SITR3 has been received providing relief has not already been claimed under EIS, SEIS or CITR. Tax relief is available at 30% of the amount invested, up to a maximum annual investment of £1 million.
Community Investment Tax Relief Enter the amount of relief being claimed. To qualify for Community Investment Tax Relief (CITR) a tax relief certificate for the investment is required.
Post-cessation trade relief and certain other losses Enter the amount claimed. Following the cessation of a business, tax relief may be available for certain post-cessation expenses, former employment losses or pre-incorporation losses.
Maintenance payments Enter the amount paid. This should not be completed if both former spouses or civil partners were born after 6 April 1935. Tax relief can normally be claimed on the payments if they are made under a court order, a Child Support Agency assessment or a written agreement. There are however more detailed conditions which must also be satisfied.
Payments to a trade union for benefits Enter the amount of tax relief claimed, up to £100. If a trade union subscription entitles the subscriber to a pension, life assurance or funeral benefits, tax relief can be claimed on half of the amount that provides the benefits.
Relief claimed on redemption of bonus shares or securities Enter the amount of higher rate tax paid on income from bonus shares and securities. Bonus shares and securities are paid with a tax credit. If the recipient is liable to tax at a higher rate, then tax will have to be paid on this income. To ensure that tax is not overpaid, enter the amount of the higher rate tax paid, not the lower rate or the tax credit.
Qualifying loan interest excluding property partnerships Enter the amount of relief claimed excluding any amounts relating to property partnerships. Tax relief can be claimed for interest payable on certain loans or alternative finance arrangements. Any amounts already deducted as a business expense should not be included. The limit on Income Tax Reliefs, restricts the total amount of qualifying loan interest relief and certain other reliefs in each year to the greater of £50,000 and 25% of ‘adjusted total income’.
Total loan interest on investments into property partnerships Enter the total amount of interest payable on a loan or alternative finance arrangement for investments into property letting partnerships. 50% of the amount entered, together with any amount entered in ‘Qualifying loan interest excluding property partnerships’, will populate box 5 ‘Qualifying loan interest’ on page Ai2 of the SA101, and the other 50% will populate box 12 ‘Non-deductible loan interest from investments into property partnerships not included in box 5’ on page Ai2 of the SA101.

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