Banco Santander shares

Nov 21, 2006 6 Replies

How do you deal with a small amount of dividend from Banco Santander (ex Abbey National) in a 2005/6 tax return? IR gave guidance last year, but I can't find any advice for this return.



It would have been simpler to sell the shares and avoid the complication of foreign dividends and witholding tax etc. However given that much of our economy is being bought up by companies from outside the UK I suppose we ought to get to grips with the tax problems.



I sold mine pronto. The threat of having to follow /Spanish/ tax rules as well as UK ones was just too much.

You need the "Foreign" forms. Downloadable from the HMRC website at

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SA106 and SA106 (Notes) about half way down the page.

Here here...my thoughts exactly.

By concession, and providing total foreign divs are

In message of Tue, 21 Nov 2006, Terry Harper writes

Not necessarily - see

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