Peter H

I have a "decedent" IRA from my father in the US and have a question about how I should treat the interest earned and then later withdrawals. (I understand from previous posts that the interest earned in an IRA is taxable, per the DTA. I believe - also from previous posts but I'm less clear on this point - that periodic withdrawals are taxable as foreign pension income but lump sum withdrawals are not.) Let's assume I have an IRA that earns 500 GBP in interest in year 1, then 500 GBP interest in year 2, then I withdraw 1000 GBP in year 3 and 1000 GBP in year 4 (drawing down the account) How and when should I declare this on my self-assessment? Specifically, do I declare and pay the interest in year 1 and 2? If so, do I ALSO have to pay income tax on the withdrawal in year 3? Kind regards, Peter