Get It32

This guide provides clear instructions on how to fill out the It32 form online. Designed for users with various levels of experience, it aims to simplify the process of tax assessment for discretionary trusts.

Follow the steps to complete your It32 form accurately.

1. Click ‘Get Form’ button to obtain the It32 form and open it in your online editor.
2. Fill in the name and address of the person to whom correspondence should be addressed at the top of the form. Include your file number and agent's reference if applicable.
3. In Part 1, enter the chargeable date and details about the trust, including the date of the principal instrument and the valuation date. Ensure you attach a copy of the principal instrument if it has not been sent previously.
4. For Part 2, provide information regarding any property added to or appointed from the discretionary trust in the year prior to the chargeable date. Use additional pages if necessary.
5. In Part 3, indicate whether you wish to claim non-liability by checking the appropriate box. If yes, provide details about any principal objects under the age of twenty-one, including their names and dates of birth.
6. Complete Part 4 by detailing the property that constituted the taxable inheritance on the valuation date. Enter the market value, any exemptions, and calculate the net value.
7. In Part 5, assess the tax by calculating the taxable value and the interest owed. Provide the net tax and interest now payable.
8. In Part 6, sign the declaration stating that all information is accurate to the best of your knowledge. Include your name in block letters and the capacity in which you are acting.
9. If instructed, complete Part 7 with the sworn declaration as requested by the Revenue Commissioners.
10. Finally, review your completed form and save any changes. You can then download, print, or share your form as required.

Begin your online document process by completing the It32 form today.