Overseas properties rent income

Hi HMRC Admin, may I know if my parents transferred me a property, so I will be the single owner of the property. And they will rent out , and the rent income will not transfer to me but for their daily expenses as they are retired. As the rent income didn’t transfer to me even I am the owner, for this case will also count into my tax account ? Thanks for your help

Hi Joanne,
As you are the owner of the property you will be classed as receivng the rental income.
 You would need to provide a declaration of trust if you are not the beneficial owner of any income derived from the property - this also includes any potential gain if the property is sold.
Thank you.