Hi,
Wonder if you can help me please…..
There are 2 USA IRA policies which I am a beneficiary of , my father passed away earlier this year.
I have chosen to take a lump sum and have chosen to pay to 10% USA federal tax (there is no state tax for Florida).
Is this money going to be subject to UK income tax as I understand this is inheritance. The amount is approx. $100,000.
Any advise would be appreciated.
Thanks
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