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UK taxes on US annuity

ere e
Posted Tue, 03 Sep 2024 13:09:26 GMT by ere e
Hello -- If I'm a UK resident for tax purposes and a US citizen, how does HMRC treat a regular annuity payment from a US annuity? As regular income? Thank you.
HMRC Admin 20 Response
Posted Wed, 11 Sep 2024 16:29:03 GMT by HMRC Admin 20 Response
Hi,
Please have a look at the tax treaty between both countries.  Article 17(4) covers annuities.  (USA: tax treaties).
Thank you.
 
ere e
Posted Thu, 12 Sep 2024 06:28:09 GMT by ere e
Thank you for your response. My question is not about the tax treaty itself, but rather how HMRC would treat annuity payments from the United States. Are they regular income or capital gains? Thank you.
HMRC Admin 32 Response
Posted Fri, 20 Sep 2024 09:46:04 GMT by HMRC Admin 32 Response
Hi,
It is regular income.
Thank you.

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