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Calculator · Compliance

Trust income application calculator

This tool checks whether a registered trust has applied the required share of its income for its objects and shows the amount that may be accumulated. It is used by trustees and accountants preparing the return of a trust. You need to enter the income of the year, the amount applied, the capital expenditure and the amounts set aside, and the result shows the required application, the shortfall and the accumulated income.

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How to use this calculator

  1. Enter the income of the year, the amount applied, the capital expenditure and the amounts set aside.
  2. Choose the type of application to match your situation.
  3. Read the required application, the shortfall and the accumulated income in the result.

Accumulation needs a notice in the prescribed form; check the investment rules for accumulated funds.

The result is an estimate for the figures you enter. It is not a filed return, a certificate or professional advice. Rates, thresholds and section numbers change with each Finance Act, and the Income-tax Act, 2025 applies from 1 April 2026 with new section and form numbers.

For the related work, see Tax audit.

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Sources

Last reviewed: . General information only. Check the official source or speak to a Chartered Accountant before acting on a result.

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