Your ISA is no longer tax-free in Spain
Spain does not recognise the UK ISA wrapper, so income and gains can be taxable for Spanish residents.
How we fix itWe review holdings and consider restructuring investments to suit your new residence.
Spain: UK Nationals & Cross-Border
UK pensions, ISAs and assets for Spanish residents
Your UK wealth does not stop being taxable because you moved. It simply starts being taxed differently.
One working dayTypical reply time to every enquiry
Fixed feesAgreed in writing before work begins
FCCA-ledSenior, qualified oversight on every engagement
ConfidentialStrict confidentiality, NDA on request
Sound familiar?
The problems we are usually asked to solve
UK pensions, ISAs and investments were built for UK tax residents. Once you live in Spain, many of those protections change, new reporting obligations appear and some UK habits become expensive. Getting the picture right early avoids both overpayment and penalties.
You do not know how your pension will be taxed
Pensions, lump sums and the UK state pension can all be taxed differently from the UK once you are Spanish resident.
How we fix itWe map each pension to the treaty and Spanish rules and plan drawdown and any lump sums.
You may need to declare foreign assets
Spanish residents with foreign assets above certain thresholds must file an annual asset declaration, and mistakes are costly.
How we fix itWe identify reportable assets and coordinate preparation of the declaration with your Spanish adviser.
Selling UK property triggers UK reporting
Non-residents disposing of UK property must usually report and pay UK capital gains tax within a short deadline.
How we fix itWe calculate the gain, handle the UK return and coordinate Spanish treatment to claim credit.
What you get
- Asset and income mappingA single schedule of UK and overseas assets, income and tax treatment.
- Pension planningTreaty analysis, drawdown strategy and consolidation decisions.
- Investment reviewRestructuring ISAs and portfolios for Spanish residents.
- Foreign asset declarationsIdentifying reportable assets and supporting accurate filing.
- UK property disposalsNon-resident capital gains reporting and Spanish credit relief.
- Inheritance and succession awarenessHighlighting differences between UK and Spanish rules and coordinating with legal specialists.
Best suited toUK retirees, pre-retirees and investors resident in Spain, or preparing to move, with UK pensions, ISAs or property.
The outcomeA clear, compliant picture of your UK wealth under Spanish tax, and a plan to hold it efficiently.
How it works
- MapWe establish your residence, assets, income and companies across the UK and Spain.
- PlanWe model the UK and Spanish tax and financing position and agree a plan.
- CoordinateWe work with Spanish lawyers, gestors and tax advisers to implement it.
- MaintainWe keep both sides in step with an annual review and compliance calendar.
Questions we are often asked
Can I keep my ISA if I move to Spain?
You can generally keep it, but Spanish residents are taxed on its income and gains in Spain. Whether to keep, sell or restructure depends on your situation.
Is my UK state pension taxed in Spain?
For Spanish residents it is generally taxable in Spain, with specific treaty rules for different pension types. We confirm the treatment for your pensions.
Do I need to report my UK bank accounts in Spain?
Spanish residents must report foreign assets above the relevant thresholds on the annual declaration. We help work out what must be declared.
Tell us what is on your mind. We will tell you honestly how we can help.
Send a short note. A senior member of the team replies by email, normally within one working day, and every first conversation is confidential.