Hi. A few years ago my father invested in a property in Dubai but added me and my brother as owners. None of us has ever lived or worked in UAE.
The apartment was rented out. All the rent went into his Dubai account. No monies ever come out of UAE. In fact it just all stays there. And we use it, very rarely, when we are there for work or on holiday.
Unfortunately his health is not great now and can't travel or work. I went over last year and spoke to the bank. They said it might be better to open an account for me and my brothers and transfer the monies over. Which we are gradually doing.
Now the bank, very recently, called me and said they wanted my social security number. Said something about preventing us not being taxed twice.
Now this has triggered some alarm bells in me.
I just want to know does this affect our uk tax payments?
Are we supposed to pay to UAE or UK for the rental we get?
Like I said, no monies ever come into the UK.
Thanks
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