sjayawant

One more thing...it appears that whether periodic or lump sum conversions, neither should be UK taxable events because of Tax Treaty Article 18(1) excludes UK taxation of a US IRA to Roth IRA because it is a transfer between pension schemes and not a distribution to the individual. Would you please confirm that the amount, frequency and regularity of direct US IRA to US Roth IRA conversions are irrelevant based on the conditions I've outlined? Thank you.

I am a US citizen, US domiciled, and a UK resident. I have a US "Traditional IRA" and a "Roth IRA". I plan to make multiple and irregular (non-periodic) direct conversions from the Traditional IRA to the Roth IRA. No money will be distributed out of the pension sphere. In other words, several conversions over several years will be directly transferred from one USA pension (Traditional IRA) to the other (Roth IRA). US tax will be paid on each conversion. Under US-UK tax treaty (article 17 paragraph 2) such transactions are not subject to UK tax. The question is whether I am required to report any of these conversions on my UK self-assessment? Thank you.