What is an SA107 form?

The SA107 is a supplementary tax for reporting income received from trusts, settlements, or a deceased person’s estate.

Do I need to fill out an SA107 form?

You will need to fill out an SA107 if you:

  • were a beneficiary and received, or were entitled to income from a trust or settlement, not including bare trusts
  • were a settlor and have put money or assets into a trust or settlement 
  • received income from the estate of a person who has died
  • were taxable on income arising to trustees of a settlor-interested trust or some other settlement in which you have an interest
  • were taxable on income payable to your minor children from property you have placed in settlement

 

You can also fill out the SA107 in certain situations on receipt of loans from a trust.

How do I fill in the SA107 form?

You can find the SA107 form here. If you usually file a Self Assessment tax return every year, HMRC might also send it to you.

Depending on where your income is from (Trust Income, Settlor, or Estate Income), you will also need a form R185. You can find this, and detailed guidelines for each line item of the SA107 here.

With GoSimpleTax, the complexities are simplified so you can avoid any non-resident tax return penalties–your Self Assessment will be completed swiftly and accurately. It even offers you tax-saving suggestions, meaning you’ll be able to minimise the amount you owe.

How do I submit the SA107?

You can submit the SA107 alongside your SA100.

 

Do I need to use an SA107 if I file my tax return online?

No, you will only need to fill out the SA107 if you submit your tax return on paper.

GoSimpleTax recommends recommend filing online–it is much easier and the sections you need to fill out will automatically be supplied. Our software will sort through the details you provide and show only the sections relevant to you. Make tax season easy and start your free trial today!

Take the stress out of doing your tax return

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Automation and one-click shortcut integrations mean completing a self assessment with our software is a simple, quick and stress-free process.

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Step-by-step instructions

GoSimpleTax provides you with a clear step-by-step process which means your tax return will be submitted faultlessly and painlessly.

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Our analysis tools proactively gives prompts for claimable expenses that you may not have been aware of so you save money.

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Automatic calculations ensure your tax return is submitted accurately so you don’t have to worry about making mistakes.

Why GoSimpleTax?

GoSimpleTax is the quick and easy software solution to managing all of your Self-Assessment and accounting information.

But how much is GoSimpleTax?

From just £30 per year, you can save £££’s. We offer a no-obligation free trial which means you can get started free of charge today.

So cut the stress out of submitting your self-assessment and consider accounting software for a quick, accurate and effortless process.

£ 46 / TAX YEAR
Non Subscription: £77.00
*Prices include VAT
Tax Return
Submit Directly to HMRC
View Tax Calculation
Print your Tax Calculation
Download Form R40
Mobile App
Scan Receipts
Self Assessment Categorisation
Basic Tax Return (SA100)
Employment (SA102)
Self Employment (SA103)
Partnership (SA104)
Property (SA105)
Ministers of Religion (SA102M)
Foreign (SA106)
Trusts (SA107)
Capital Gains (SA108)
Residency (SA109)
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Xero (beta)
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£ 65 / TAX YEAR
Non Subscription: £108.00
*Prices include VAT
SA800 PARTNERSHIPS
Submit Directly to HMRC
Partnership Tax Return (SA800)
Property Income (SA801)
Foreign Income (SA802)
Disposal of Assets (SA803)
Investments Income (SA804)
Auto populate partner’s SA104
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Volume Discount
Non Subscription: From £115.00
*Prices include VAT
Multiple Return discount
2 Returns - £69.00
3 Returns - £92.00
4 Returns - £112.00
5 Returns - £125.00
6 Returns - £140.00
7 Returns - £148.00
8 Returns - £156.00
9 Returns - £158.00
10 Returns - £160.00
Additional Returns £1 Each
  
  
  
  
  
  
  
  
  
  
  
  
Start your free trial
See all pricing
£ 46 / TAX YEAR
Non Subscription: £77.00
*Prices include VAT
Tax Return
Submit Directly to HMRC
View Tax Calculation
Print your Tax Calculation
Download Form R40
Mobile App
Scan Receipts
Self Assessment Categorisation
Basic Tax Return (SA100)
Employment (SA102)
Self Employment (SA103)
Partnership (SA104)
Property (SA105)
Ministers of Religion (SA102M)
Foreign (SA106)
Trusts (SA107)
Capital Gains (SA108)
Residency (SA109)
FreeAgent
FreshBooks
QuickBooks
SumUp
Xero (beta)
Start your free trial
£ 65 / TAX YEAR
Non Subscription: £108.00
*Prices include VAT
SA800 PARTNERSHIPS
Submit Directly to HMRC
Partnership Tax Return (SA800)
Property Income (SA801)
Foreign Income (SA802)
Disposal of Assets (SA803)
Investments Income (SA804)
Auto populate partner’s SA104
Add partners at anytime
  
  
  
  
  
  
  
  
  
  
  
  
  
  
Start your free trial
Tax Return
Volume Discount
Non Subscription: From £115.00
*Prices include VAT
Multiple Return discount
2 Returns - £69.00
3 Returns - £92.00
4 Returns - £112.00
5 Returns - £125.00
6 Returns - £140.00
7 Returns - £148.00
8 Returns - £156.00
9 Returns - £158.00
10 Returns - £160.00
Additional Returns £1 Each
  
  
  
  
  
  
  
  
  
  
  
  
Start your free trial
Start your free trial