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Tax obligations for a trustee's spouse

finn99 · 2025-02-13 14:34:04

My wife and I are thinking of making our daughter the sole trustee for our current home. At the moment, we rent it out for periods of the year and I understand that the trust would receive future income if it is set up, and that our daughter would have to declare this for tax purposes (I hope this is correct so far!). If…

Comments

GDB2222 Posts: 26,353 Forumite

14 February at 11:28PM

finn99 said:

My aim is also to at least grasp some of the concepts and complexities in this country in order to be prepared for meetings with Italian experts. This query was about me putting questions to myself about a possible course of action. The wisdom of that course will late be discussed with people who knare experts in the field..

Ideally you want an expert who knows both tax regimes.

No reliance should be placed on the above! Absolutely none, do you hear?
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