Does anyone actually understand reclaiming Witholding Tax on Share Dividends if you are a UK resident

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07 Jan 2020 21:01 by Roberto Star rating in Torremolinos. 4475 posts Send private message

Roberto´s avatar

Nobody said she isn't entitled, or is denying her "human right" to take whatever action she feels is appropriate, only that it may not be worth the stress / expense. What a very bizarre comment.



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08 Jan 2020 00:31 by ads Star rating. 4011 posts Send private message

Just wondering is there a handle on the actual scale of this problem. How widespread is it?





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08 Jan 2020 02:23 by Roberto Star rating in Torremolinos. 4475 posts Send private message

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So far we know of one case wink



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08 Jan 2020 14:33 by angeleyes1 Star rating in Camposol & Bradford. 406 posts Send private message

angeleyes1´s avatar

This is the only case we know of. It would appear the majority, if not all of UK residents do not have any issues. Perhaps Despair12 is encountering a unique problem that no one else has ever encountered. If Despair12 wants’ all this stress, costs and time consuming activates over 4 years of witholding tax of €60 in total (half a tank of petrol) so be it. However it does seem extreme.crying



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08 Jan 2020 16:57 by ads Star rating. 4011 posts Send private message

Just reviewed the previous thread and back in December Despair identified there were many affected... the implication being that many were elderly with small holdings.

"Fact remains there is a Dual Taxation Treaty which Spain is signed up to and they owe us and many millions of others refunds ...the only reason they are getting away with it is most Santander shareholders only have tiny holdings  are very elderly and not computer literate ....so not able or aware of filing  MAP complaint .

The actual cost of selling the Santander shares outweighs any return and in fact generates a Capitol loss and IAG will be worse because of the value used in the merger ....versus aquisition value ....all the options have already been carefully looked at and the holdings merged into one ."

So is this a widespread problem?





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08 Jan 2020 17:26 by angeleyes1 Star rating in Camposol & Bradford. 406 posts Send private message

angeleyes1´s avatar

Despair12 only makes this allegation. Where is the evidence? Where has she got this information?



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08 Jan 2020 18:03 by Roberto Star rating in Torremolinos. 4475 posts Send private message

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"So is this a widespread problem?"

Would you like it to be? surprise Perhaps there's a massive international conspiracy going on here. Maybe the Russians are involved. Or maybe Despair just needs to pay a gestor to file a 210 for her to reclaim the excess withholding tax. 



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"First get your facts; then you can distort them at your leisure"

Mark Twain

 

 

 




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08 Jan 2020 18:13 by angeleyes1 Star rating in Camposol & Bradford. 406 posts Send private message

angeleyes1´s avatar

Or maybe Despair12 should just sell her shares and have done with it all.laugh



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08 Jan 2020 19:40 by ads Star rating. 4011 posts Send private message

Roberto

Of course I wouldn't wish it to be widespread. Please don't infer such intent from asking the question. 

You have taken the original observations seriously and tried to assist and gain clarity just the same as I have so please don't infer any other agenda on my part.


This message was last edited by ads on 08/01/2020.



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14 Jan 2020 00:50 by Despair2 Star rating. 37 posts Send private message

The entire issue is now subject of a MAP  / competant authorities complant and when i get a response i will update ...but its now down to UK and Spain to sort this out 

 

As i have said before ...selling Santander shares is more expensive than the return because of how the transfer value was  handled   same goes for IAG 

 

I am not stupid and have looked at every angle 





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