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Help. Inheritance of IRAs (not roth)

Geoffrey Prunty
Posted Thu, 28 Mar 2024 20:58:00 GMT by Geoffrey Prunty
As a UK citizen, I have been left a 1/4 sum of a USA IRA inheritance of aprx 500k. Do I have to pay tax on this if transferred to a UK bank account? the amount is possibly 125 k per beneficiary
HMRC Admin 5 Response
Posted Wed, 03 Apr 2024 14:56:15 GMT by HMRC Admin 5 Response
Hi

No.  This is an inheritance, not income, so would not be taxable in the UK.

Thank you

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