Property gifted by parents in New Zealand

hey, My wife and I have lived in the UK for almost 4 years. She will be receiving a property in New Zealand as a gift from her parents. What do we need to do in the UK if anything at all? This property will have rental income once it's been accepted. Do we need to pay tax on the rental income in UK or just in NZ? Thanks, 

Name removed admin .

Hi Kiwi Indian,

If your wife will solely be the owner of the property, then she will need to register for self assessment.  
If the property will be gifted jointly to you and your wife, you will both need to register for self assessment and declare the foreign income from property and the tax paid in New Zealand on the income from property.  
You can claim a foreign tax credit for up to the amount of tax paid in New Zealand, so that you are not taxed twice on the same income.

Thank you.