Spanish Withholding Tax
Spanish Withholding Tax on dividends
Under Spanish law, any dividend payments made by Santander (a Spanish resident company) to a holder of ordinary shares who is not resident in Spain for tax purposes, are subject to Spanish Non-Resident Income Tax (withholding tax) at a rate of 21%. For further information and guidance, please download the ‘Spanish Withholding tax on dividends’ document from the below link:
Scrip Dividend Scheme
Tax guidance regarding the Scrip Dividend Scheme payments can be found in the Scrip Dividend Information Scheme Booklet.
To download the booklet and to find out more about the Santander Scrip Dividend Scheme please click here.
Spanish Tax Formalities on Sale or Gift of Santander Shares (Form 210)
A Spanish tax document, form 210, must be completed by UK resident shareholders who sell or gift their shares and who realise a gain on the disposal. This form can be completed online. Please view more information at the below links:
- Spanish tax formalities on Sale or Gift of Santander shares ( PDF 10 Kb)
- Form 210 Guidance Notes ( PDF 332 Kb)
Santander Sharedealing offers assistance with the above Spanish tax requirements to shareholders who sell their shares through their service and who meet the following criteria:
- You are the beneficial owner of the shares or the legally appointed representative of the beneficial owner of the shares
- The beneficial owner needs to be a UK resident not carrying on a business in Spain with which these shares are effectively connected
Santander Sharedealing will complete the tax form 210 on your behalf and you will need to obtain a UK Certificate of Residence as beneficial owner or on behalf of the beneficial owner of the shares.
To find out if you are eligible to use this service and for further information, please call Santander Sharedealing on free-phone 0800 169 2001.
At present, Santander Sharedealing cannot offer assistance or guidance to shareholders that hold or sell their shares through other brokers.