16 Apr 2012 13:34:

As long as you don't declare them to the Spanish tax authorities

From HMRC website:

Q. What happens if I go abroad?

A. You can only open an ISA if you are resident and ordinarily resident in the UK for tax purposes (ask your Tax Office if you are in any doubt about this).

Crown employees, such as diplomats or members of the armed forces, who are working overseas and paid by the government are eligible to open an ISA. Their spouses or civil partners can also open an ISA.

If you start an ISA in the UK and then go abroad, you cannot continue putting money into the ISA (unless you are a Crown employee working overseas or the spouse or civil partner of a Crown employee working overseas). However, you can keep your ISA and you will still get tax relief on investments held in the ISA. When you return, you can start putting money in again (subject to the normal annual limits).

 

You don't have to declare the ISA's to the Spanish tax authority, just the interest received.

 

This message was last edited by sp1946 on 16/04/2012.

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16 Apr 2012 09:54:

However, former UK residents retain the tax benefits of ISA's already open prior to becoming a non-resident.

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16 Apr 2012 08:49:

Only UK residents can Put money into an ISA.


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27 Oct 2011 10:52:

Further help/comments required, please.

After our AGM in April the President appointed a new Administrator. So far their performance has been disappointing but they have now presented us with a new problem. When they were appointed they said there was no need to hold an EGM to formally appoint them. However, they are now saying that they cannot represent the Community in any 'legal' matters because they have not been 'named' as Administrators at a Community General Meeting. The effect of this is, they say, that they cannot take any legal action against debtors & nor do they have the legal authority to ask the banks for the annual direct debits which owners have already set up to be paid in January. The debtors is a minor problem, they just get away with not paying for another year. The big problem is that the direct debits will not be paid & owners will have to be told to make alternative arrangements. The majority of owners are not resident & will probably not make any arrangements until they come out later into 2012 - possibly resulting in a cash flow problem.

Can anyone confirm that what the Administrators are telling us is correct, please?

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14 May 2011 14:04:

Thanks, Roberto

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