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Inheritance tax on US 401k and IRA retirement accounts owned by UK tax resident

Answer
nun
Posted Mon, 16 Sep 2024 15:06:12 GMT by nun
How are US 401k and IRA retirement accounts owned by a UK tax resident treated for UK inheritance tax when the UK resident dies? Are the excluded from the estate in a similar way to UK pensions?
Answer
HMRC Admin 20 Response
Posted Wed, 25 Sep 2024 13:26:25 GMT by HMRC Admin 20 Response
Hi,
Please refer to How Inheritance Tax works: thresholds, rules and allowances
Thank you.
Answer
nun
Posted Wed, 25 Sep 2024 14:07:52 GMT by nun
It's disappointing that you are unable to provide an answer to my question. I'll write to the Inheritance Team.

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