Hi , I wonder if anyone could help...
I am a dual citizen Italian/British, have lived in UK since 1996 and inherited some properties following my mother's death in 1995. I own a portion of those properties (1/4) as I had to share with my siblings and father. He has been since managing the properties as he did before my mother's death: finding tenants, collecting rents, organising repairs and filing tax returns in Italy for everyone that needed it (one of my bothers also lives abroad). The rental income and tax is calculated according to Italian tax law and that is also paid for me by my father. I do not get any income from those properties neither in Italy nor in the UK. Should I include them in my tax return? If so I guess I could deduct the tax paid in Italy but what about the rest? Should I pay any tax on an income I do not get? Essentially my father 'manages' the properties on my behalf. Any suggestions welcome. thanks.
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