| The covenantee must declare the full amount receivable on his tax return and he is given credit for the tax withheld. |
| You must keep proof to support your claim to a deduction as long as your income tax return can be examined. |
| You are not legally obliged to employ an accountant, although you may find it easier to do so when it comes to filling in your tax return. |
| One piece of good news is that the majority of Britons do not need to complete a tax return, as all of their income is taxed at source. |
| The annuitant must declare the full amount receivable on his tax return to be given credit for the tax withheld. |
| In this case, naming a charity as a direct beneficiary will qualify as a donation credit on the final income tax return of the deceased. |
