ISA's and Spanish Tax - Eye on Spain

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Sunday, March 11, 2007 Roger Davis Apartamento I'm in 15.54 Sierra Golf , Balsicas , Near Los Alcazares , COSTA CALIDA I've made 72 posts Send private message to Roger Davis	Does anyone know if Spanish Income Tax is payable by people taking up residence in Spain , on the Tax-Free Interest they receive from their ISA's.?? Regards, Roger and Fran Spam post? If so please click here to report it
11 Mar 2007 6:57 PM jhousden Parcela I'm in High Halden, near Ashofrd, Kent I've made 3 posts Send private message to jhousden	The ISA's tax exemption is given by UK tax legislation. In Spain you cannot expect an exemption under UK tax law to apply, so the interest will be taxable. However, ISAs tend to pay good rates of interest because they are 'sticky' money from the banks' viewpoint. I'd suggest transferring to a new cash ISA just before you go to Spain (Halifax are paying 6% for 4 years fixed). That way you crystallise the tax free interest while you are still UK resident, start with a clean slate in Spain and still have an ISA with its UK tax benefits if you return to the UK at a later date. _______________________ John Housden Spam post? If so please click here to report it
01 Feb 2008 7:38 PM fpegman Parcela I've made 1 posts Send private message to fpegman	I would check with your ISA provider as I believe that you need to be a UK resident with UK address to continue holding ISA Fpegman Spam post? If so please click here to report it
01 Feb 2008 11:30 PM morerosado EOS Superstar I'm in Somerset, UK / Guardamar Del Segura on the Costa Blanca (Completed April 2005) I've made 4569 posts Send private message to morerosado	Fpegman Taken from this pdf file http://www.hmrc.gov.uk/leaflets/isa-factsheet.pdf Moving abroad You can only open an ISA if you are resident and ordinarily resident in the UK for tax purposes. If you are unsure about this, call our Centre for Non-Residents on 0845 070 0040 (UK) +44 151 210 2222 (from abroad) If you open an ISA and then move abroad, you are no longer classed as a UK resident. So you cannot put money into the ISA. You can still keep your ISA open and you will still be entitled to the tax benefits on investments held in the ISA. If you become UK resident and ordinarily resident, you can start putting money in again. This message was last edited by morerosado on 2/1/2008. _______________________ My blog>>> Our experiences of buying in Spain Spam post? If so please click here to report it

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