myIR, payments and more
This data was extracted on 25 September 2017. All data is subject to further updates, but the data for 2016 in particular is incomplete. The amounts are only for those trusts that allocated beneficiary or trustee income.
The data for these statistics is available for download from the links below.
Income of trusts IR6 returns 2007 to 2016 | Excel | 15kb
Income of trusts IR6 returns 2007 to 2016 | CSV | 1kb
Graph of Income of trusts IR6 returns 2007 to 2016
Long description of graph
The graph has two lines showing trustee income and beneficiary income from March 2007 to March 2016.
From 2007 to 2016, beneficiary income has increased by 47% (from 3,330m to 4,893m) and trustee income has decreased 10% (from 8,268m to 7,414m). From 2009 onwards, trustee income has been changeable.
|Note on significant update to previously published figures for 2008 onwards|
A rearrangement of the IR6 trust tax return in 2008 made it clear that expense deductions, LAQC losses, and brought forward losses should only be applied to trustee and not to beneficiary income. The rearrangement of the return meant that the straight "trustee income" variable from 2008 was no longer consistent with earlier years, as the deductions were applied later on in the return. This point was overlooked in the previously published data. The amended data presents a consistent time series, with trustee income from 2008 onwards again reported net of such deductions.