crowman

I've seen various advice on this forum regarding the taxation of withdrawals form a traditional IRA. It's always been my understanding, from the DTA, that periodic withdrawals are taxed in the country of residence - that's the UK for me. It's also been my understanding, from the DTA, that lump sum withdrawals are taxed in the USA. Recently, I've seen advice that both types of withdrawal are taxed in the UK. Can you point me to where in the DTA, or any other document, this is defined?

I have a Rollover IRA in the USA. I have listed my wife as beneficiary, or in the event she dies before me, equally between my two sons. My understanding is that on my death it will become an Inherited IRA and will need to be disbursed within 10 years. Can you confirm that there is no IHT when the IRA passes to my beneficiary/beneficiaries, but they will be liable for UK tax on any subsequent periodic withdrawals they make.