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Posted Tue, 04 Jul 2023 13:51:21 GMT by
When I moved to the UK I had a Roth IRA and a Traditional IRA in the US I have just closed both of these and taken the money out in full - which I think is a lump sum distribution Are these taxable in the UK? If so, can I take a tax credit in the UK for the US tax already paid?
Posted Tue, 11 Jul 2023 10:50:06 GMT by HMRC Admin 32 Response
Hi,

You can. You declare this on Self-Assessment and can include the tax already paid.

Thank you.

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