[Hollibobs]

Hi,

Can anyone tell me how much tax is paid roughly on Premium Bonds in Spain?

Many thanks

 

[xabiaxica]

Hi,

Can anyone tell me how much tax is paid roughly on Premium Bonds in Spain?

Many thanks

do you mean UK Premium Bonds??


like ERNIE as we used to call it :confused2:


aren't they tax-free?

 

[Hollibobs]

Hi xabiachica,

Thanks for your reply. I know PB's are tax free in the UK but wondered if we move them to Spain if they would be taxed there.

 

[rifleman]

How can you move a premium bond? It is a product sold by the British government which doesn't pay interest but instead gets entered into a prize draw. How can you move that anywhere?

 

[gus-lopez]

The premium bonds wouldn't interest the spanish authorities unless you won. Then you are liable to pay tax of 25% on the winnings.
The same applies to lotteries. If you happen to be in the UK & do the euromillions & win you are liable to tax in spain of 5% whereas if you did it in spain & won the tax liability is zero.