Another new client (I must be doing something right) problem. They received a $250000 bequest from a deceased US relative with all US tax paid on the estate. Does it need to be declared on the SA100 and is there any additional UK tax to pay?
What happened to the simple clients with no strange problems??
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The simple clients
Attempt to manage their own affairs and for every 9 that get it right I guarantee there will be 1 who gets it so spectacularly wrong they become some lucky accountants complicated client :)
No.
Why would there be any UK tax to pay, it's been paid in the US.
Income derived, will of course be taxable.
There is no US tax due unless the deceased was a covered expatriate; so you may want to enquire of the executors to ensure this was not the case.