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Tom Hart

Tom Hart

Joined: 7/26/2023

  • RE: Foreign Pensions - Double Tax Agreements

    Wed, 26 Jul 2023 13:30:15 GMT – Foreign Pensions - Double Tax Agreements
    Does a UK resident with a pension from the USA have to declare this income on his UK tax return and pay tax in the UK, whether drawdowns are regular or irregular? If regular (e.g. monthly) pension income is taxable, do references in the DTA to lump sums (not defined), which it states are specifically not taxable in the UK, refer to irregular payments (nil, one or two per annum) or only to tax-free lump sums i.e. the equivalent of the 25% tax-free lump sums avaiable from UK pensions?