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Owner Income Tax

Overview

Owner Income Tax is only applicable to Trust Accounting properties.

Taxes setup as Owner Income will be paid to the Owner of the Area.

✎ Please Note: RMS is highly configurable. Some Terminology, User Access & Permissions, Images, Labels, and Functions used in these articles may differ from your setup. CLICK HERE to find out more.

 

 

Guide

In the side menu of RMS, go to Setup > Accounting > Taxes.

  1. Select 'Edit' on an existing Tax.
    RMS Taxes list showing existing tax records with one tax highlighted and the Edit button selected to open its configuration.
     
  2. Select the checkbox 'Owner Income'.
  3. Select 'Save/Exit'.
    RMS Tax setup screen for the selected tax with the Owner Income checkbox ticked and Save/Exit selected so the tax will be treated as income paid to the owner of the area in Trust Accounting.

 

 

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