Hi,
I have been been reading a discussion thread on another forum and it gives differring opinions on a situation that may affect IAG shareholders.
It is being said that as IAG is a spanish company, any gains made on the sale of their shares must be reported to the Spanish Government via a ‘210 form’.
No tax will need to be paid by UK residents, but legally these profits must be declared to Spain.
Surely that doesnt apply to any shares bought on the FTSE100 does it ?(rather than on the spanish exchange)
Many people in that forum are saying it does, but I cannot see the logic there.
Here is a link to the spanish tax form site
Spanish Tax Forms Ltd: Spanish Tax made easy!: Home
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