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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.
 

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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?
 

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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.
 
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