Hi
My parents left my two sons a house when the passed away. I rent it out and the income is used to pay school fee's. At the moment I put the income on my self assessment return.
One of my sons is in America and paying tax in America but the youngest who is about to turn 16 is the one who the rental income is paying school fees.
The question is does the 16 year old have a tax allowance and if so can I off set the rental income on his allowance? he wont be working and is still in full time education.
Many thanks
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