I am an Australian citizen (originally from England) and have grandparents in Germany. In about 2012 my grandmother put a fund in my name (turns out this was some kind of property rental fund, therefore the income seems to count as rental income). I did not receive any money from it until 2016 (fund being wrapped up & I'll get second half of payment this year).
However I have statement in German (that I don't understand properly) that appears to show an income each year. However when I emailed the fund managers they've told me there was no payment due to me and that it was 'repaying the loan'.
I have now been contacted by the German tax authority. Initially I thought this was just regarding the 2016 payment but it seems that they think I owe tax for each year (for now they've only given me information for 2012).
So my question is does it sound right that even though I did not actually receive any money from the fund that I would still have to pay the tax on it?
I have engaged a German accountant based in Sydney but he isn't really answering that question
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