IR6 Question 19 Expenses

The estate or trust may have incurred expenses in generating its income, for example:

• commission deducted from interest or dividends

• expenses for return preparation

• deductible trustee charges

• interest paid to Inland Revenue.

If these expenses haven’t been claimed elsewhere in the return, write the amount claimed in Box 19.

Certain expenditure is not deductible and this includes:

• private expenditure
• capital expenditure.

Penalties may apply if it is claimed incorrectly.