Residual Income Tax (RIT) tool

How does it work?

Our RIT tool makes optimising a taxpayer’s tax position easier than ever, saving you valuable time during the busy tax season.

You can forget about manual calculations to determine what needs to be purchased, swapped or transferred because the tool does it all for you. It even takes into account payments made to Inland Revenue. Our latest enhancements to the tool provide four payment options, and the ability to calculate payments for groups of associated taxpayers, offering ultimate flexibility.

To use it, simply go to your Tax Traders dashboard, click on the RIT tool and input the necessary variables. Then let the calculator create the transfers, swaps or purchases needed to settle your client's liability in the most economic way possible.

How to use it

RIT tool in more detail