{"id":27449,"date":"2026-09-21T10:00:00","date_gmt":"2026-09-21T08:00:00","guid":{"rendered":"https:\/\/delaguialuzon.com\/?p=27449"},"modified":"2026-10-06T10:57:02","modified_gmt":"2026-10-06T08:57:02","slug":"uk-isas-spanish-tax-residency","status":"publish","type":"post","link":"https:\/\/delaguialuzon.com\/en\/blog\/uk-isas-spanish-tax-residency\/","title":{"rendered":"UK ISAs and Spanish tax residency: 2026 tax treatment"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"27449\" class=\"elementor elementor-27449\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-49a989fd e-flex e-con-boxed e-con e-parent\" data-id=\"49a989fd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-388377fd elementor-widget elementor-widget-text-editor\" data-id=\"388377fd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div style='background:#f5f5f5;border-left:4px solid #007BB3;padding:20px 24px;border-radius:8px;margin:0 0 24px'><h2 style='margin-top:0'>UK ISAs and Spanish tax residency: key points<\/h2><ul><li>Under UK rules, interest, income and capital gains inside an ISA are not taxed, and a person who stops being UK resident can keep the ISA open but <a href=\"https:\/\/www.gov.uk\/individual-savings-accounts\/if-you-move-abroad\" target=\"_blank\" rel=\"nofollow noopener\">cannot pay money into it<\/a>, except for Crown employees working overseas and their spouses or civil partners.<\/li><li>Spanish tax residents are taxed on worldwide income, and the UK-Spain convention has no ISA clause, so in our reading of the general IRPF rules the interest, dividends and gains of an ISA are taxed in Spain as savings income. We found no AEAT or DGT ruling on ISAs, so contact us to confirm your case.<\/li><li>Savings income is taxed at 19% up to \u20ac6,000, 21% up to \u20ac50,000, 23% up to \u20ac200,000, 27% up to \u20ac300,000 and 30% above that, under the <a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2006-20764\" target=\"_blank\" rel=\"dofollow noopener\">state and regional scales in articles 66 and 76 of the IRPF Act<\/a> from 1 January 2025.<\/li><li>Foreign assets above \u20ac50,000 in a category must be reported on Modelo 720 between 1 January and 31 March, and in our reading a cash ISA falls under accounts and a stocks and shares ISA under securities. Modelo 721 covers virtual currency, not ISAs.<\/li><li>People who opt for the Beckham regime under article 93 of the IRPF Act are taxed on income obtained in Spain, so in our reading foreign-source ISA income stays outside the Spanish base while the regime applies, which is the year of the move and five further years.<\/li><li>Spanish tax residence turns on days in Spain and on where your economic interests are, so the timing of the move and any sale of ISA investments before it should be checked against your case.<\/li><\/ul><\/div><p>This post covers Spanish law and the Valencian angle, and readers should coordinate UK filings with their UK adviser.<\/p><h2>Why UK ISAs and Spanish tax residency create a planning problem<\/h2><p>The Individual Savings Account is a UK tax wrapper. The <a href=\"https:\/\/www.gov.uk\/individual-savings-accounts\" target=\"_blank\" rel=\"nofollow noopener\">UK government&#8217;s ISA guidance<\/a> lists cash ISAs, stocks and shares ISAs, innovative finance ISAs and Lifetime ISAs for adults, with Junior ISAs for children, and says that interest, income and gains inside an ISA are free of UK tax.<\/p><p>We found no rule in Spanish tax law that recognises the ISA wrapper. On the UK side, the UK-Spain double taxation convention covers income tax, corporation tax and capital gains tax, and it has no clause on ISAs, so nothing in it gives the wrapper an effect in Spain.<\/p><p>Spain taxes its residents on their income wherever it arises. <a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2006-20764\" target=\"_blank\" rel=\"dofollow noopener\">Article 2 of the IRPF Act<\/a> makes the object of the tax the whole of the taxpayer&#8217;s income and gains, regardless of where they arise and of the payer&#8217;s residence.<\/p><p>No official ruling on ISAs: we have searched the AEAT and DGT sources and found no statement on how Spain treats ISA income or gains. What follows is the firm&#8217;s reading of the general IRPF rules. It is not an official position, so contact us to confirm how it applies to your case.<\/p><h2>The core mismatch: UK wrapper, Spanish resident<\/h2><p>Under UK law an ISA is tax-free. From the day you become a Spanish tax resident, the general Spanish rule is that you are taxed on your worldwide income and gains, and in our reading that rule applies to the investments inside the ISA as it would to any other account.<\/p><p>Spain applies its own classification to the underlying investments, such as cash deposits, listed shares, funds and bonds, and then applies the matching IRPF rate.<\/p><h3>What Spain sees, in our reading<\/h3><ul><li><strong>Cash ISA interest:<\/strong> interest on capital, taxed as savings income.<\/li><li><strong>Stocks and shares ISA dividends:<\/strong> dividends from shares or funds, taxed as savings income.<\/li><li><strong>Disposals inside the ISA:<\/strong> capital gains, taxed as savings income and calculated in euros on the date of each disposal.<\/li><li><strong>Innovative finance, Lifetime and Junior ISAs:<\/strong> the same general reasoning applies in our reading, with the specific points flagged below.<\/li><\/ul><h2>Spanish savings income rates for ISA holdings<\/h2><table style='width:100%;border-collapse:collapse;margin:25px 0'><thead><tr style='background-color:#708473;color:#ffffff'><th style='padding:12px;text-align:left;border:1px solid #ddd'>Savings income band<\/th><th style='padding:12px;text-align:left;border:1px solid #ddd'>Rate<\/th><th style='padding:12px;text-align:left;border:1px solid #ddd'>Applies to<\/th><\/tr><\/thead><tbody><tr><td style='padding:12px;border:1px solid #ddd'>Up to \u20ac6,000<\/td><td style='padding:12px;border:1px solid #ddd'>19%<\/td><td style='padding:12px;border:1px solid #ddd'>Interest, dividends, gains<\/td><\/tr><tr><td style='padding:12px;border:1px solid #ddd'>\u20ac6,000 to \u20ac50,000<\/td><td style='padding:12px;border:1px solid #ddd'>21%<\/td><td style='padding:12px;border:1px solid #ddd'>Interest, dividends, gains<\/td><\/tr><tr><td style='padding:12px;border:1px solid #ddd'>\u20ac50,000 to \u20ac200,000<\/td><td style='padding:12px;border:1px solid #ddd'>23%<\/td><td style='padding:12px;border:1px solid #ddd'>Interest, dividends, gains<\/td><\/tr><tr><td style='padding:12px;border:1px solid #ddd'>\u20ac200,000 to \u20ac300,000<\/td><td style='padding:12px;border:1px solid #ddd'>27%<\/td><td style='padding:12px;border:1px solid #ddd'>Interest, dividends, gains<\/td><\/tr><tr><td style='padding:12px;border:1px solid #ddd'>Above \u20ac300,000<\/td><td style='padding:12px;border:1px solid #ddd'>30%<\/td><td style='padding:12px;border:1px solid #ddd'>Interest, dividends, gains<\/td><\/tr><\/tbody><\/table><p>The state scale in <a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2006-20764\" target=\"_blank\" rel=\"dofollow noopener\">article 66 of the IRPF Act<\/a> runs from 9.5% to 15%, and the regional scale in article 76 uses the same bands, which gives the combined rates above. The top rate of 30% applies from 1 January 2025.<\/p><p>As a simplified illustration that ignores allowances and other income, a retiree with \u20ac25,000 of investment income in one year pays \u20ac1,140 on the first \u20ac6,000 (19%) and \u20ac3,990 on the next \u20ac19,000 (21%), a total of \u20ac5,130 in IRPF. Inside the ISA, the same income is free of UK tax.<\/p><h2>Reporting obligations: Modelo 720, Modelo 721 and Modelo 100<\/h2><h3>Modelo 720: foreign assets declaration<\/h3><p>Spanish tax residents must file Modelo 720 when the assets they hold abroad in a category exceed \u20ac50,000, under articles 42 bis, 42 ter and 54 bis of the <a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2007-15984\" target=\"_blank\" rel=\"dofollow noopener\">tax procedure regulation<\/a>. The three categories are accounts in foreign financial institutions, securities, rights, insurance and annuities held or managed abroad, and real estate abroad.<\/p><p>The return is filed from 1 January to 31 March of the following year, and in later years only if a category has risen by more than \u20ac20,000 since the last return. The AEAT <a href=\"https:\/\/sede.agenciatributaria.gob.es\/Sede\/todas-gestiones\/impuestos-tasas\/declaraciones-informativas\/modelo-720-decla_____sobre-bienes-derechos-extranjero_\/plazos-presentacion.html\" target=\"_blank\" rel=\"dofollow noopener\">filing period page<\/a> gives the dates for each year.<\/p><p>In our reading of those rules, a cash ISA is an account held with a foreign financial institution and a stocks and shares ISA is a holding of securities held abroad, so each counts towards the \u20ac50,000 limit of its category. No AEAT or DGT ruling addresses ISAs specifically, so contact us before you decide that no return is due.<\/p><p>Our guide to <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/modelo-720-spain\/\">Modelo 720 in Spain<\/a> covers thresholds, deadlines and penalties in detail.<\/p><h3>Modelo 721: virtual currency, not ISAs<\/h3><p>Modelo 721 is the return for virtual currency held abroad with a custodian that holds the private keys for third parties, under <a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2007-15984\" target=\"_blank\" rel=\"dofollow noopener\">article 42 quater of the same regulation<\/a>. An ISA invests in cash and securities, so Modelo 721 is not the form for ISA holdings.<\/p><h3>Modelo 100: annual IRPF return<\/h3><p>The annual return declares worldwide interest, dividends and gains. ISA income is reported with any other investment income, converted to euros, and the AEAT&#8217;s <a href=\"https:\/\/sede.agenciatributaria.gob.es\/Sede\/ayuda\/manuales-videos-folletos\/manuales-practicos\/irpf-2025\/c01-campana-declaracion-renta\/confirmacion-borrador-presentacion-declaraciones\/plazo-forma-presentacion.html\" target=\"_blank\" rel=\"dofollow noopener\">filing period for the 2025 return<\/a> ran from 8 April to 30 June 2026.<\/p><p>Our guide on how to <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/declare-uk-income-in-spain\/\">declare UK income in Spain<\/a> shows how UK income is reported on Modelo 100.<\/p><h2>How the Beckham Law changes the calculation<\/h2><p><a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2006-20764\" target=\"_blank\" rel=\"dofollow noopener\">Article 93 of the IRPF Act<\/a> lets people who move to Spain opt to be taxed under the non-resident income tax rules while they remain IRPF taxpayers, for the year of the move and the five following years. The conditions include no Spanish residence in the previous five tax years and a move linked to an employment contract (including remote work under the international teleworking visa), a directorship, entrepreneurial activity or work as a highly qualified professional.<\/p><h3>Impact on ISA holdings<\/h3><p>Under article 93(2), the tax is calculated on income obtained in Spanish territory, and employment income earned during the regime is treated as Spanish-source. Spanish-source savings income follows the 19% to 30% scale, and the rest of the Spanish-source income is taxed at 24% up to \u20ac600,000 and 47% above.<\/p><p>Interest, dividends and gains from assets outside Spain are not Spanish-source income. In our reading, ISA income therefore stays outside the Spanish tax base while the regime applies, and no official ruling on ISAs confirms this. The same article makes a person who opts for the regime liable to wealth tax only on a real-obligation basis, which covers assets located in Spain.<\/p><p>Whether Modelo 720 applies to a holder of the regime is a point to confirm for your case. Our guide to the <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/beckham-law-spanish-tax-regime\/\">Beckham Law Spanish tax regime<\/a> covers eligibility.<\/p><h3>When the regime ends<\/h3><p>When the period ends, you are taxed as an ordinary Spanish tax resident, and in our reading the ISA holdings are then taxed like any other savings. Planning for that date, including whether to realise gains before it, should be done in advance with an adviser.<\/p><h2>Planning before the move<\/h2><p>These steps are a checklist for the conversation with your advisers, not a recommendation for any one case:<\/p><ol><li>Make an inventory of ISA holdings, cost bases and unrealised gains.<\/li><li>Ask whether to realise latent gains inside the ISA while you are still UK resident.<\/li><li>Model the post-move IRPF cost under the ordinary regime and, if you qualify, the Beckham regime.<\/li><li>Plan the date of the move with the 183-day test and the centre-of-interests test in mind.<\/li><li>Prepare Modelo 720 for the first year as a Spanish resident.<\/li><\/ol><h3>Realising gains before leaving the UK<\/h3><p>Spanish gains are measured between the acquisition value and the transmission value (<a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2006-20764\" target=\"_blank\" rel=\"dofollow noopener\">article 37 of the IRPF Act<\/a>). In our reading, if you sell and buy back investments inside the ISA before you become a Spanish tax resident, the new purchase price becomes the acquisition value for later Spanish gains, and the sale itself is free of UK tax inside the ISA.<\/p><p>We know of no AEAT or DGT statement on this approach, and it needs checking against your holdings and the UK rules, so contact us before you act.<\/p><h3>Timing the move<\/h3><p>Under <a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2006-20764\" target=\"_blank\" rel=\"dofollow noopener\">article 9 of the IRPF Act<\/a> you are a Spanish tax resident if you stay more than 183 days in a calendar year, counting sporadic absences unless you prove tax residence elsewhere. You are also resident if the main base of your activities or economic interests is in Spain, and residence is presumed when your spouse and dependent minor children live habitually in Spain.<\/p><p>The date of arrival therefore affects the day count, but it does not settle the question alone. Our guide to <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/uk-spain-double-taxation\/\">UK-Spain double taxation<\/a> explains the 183-day count and the tie-breaker rules in the convention.<\/p><h3>Keeping the UK ISA or closing it<\/h3><p>The UK government guidance says you can keep an ISA open after you leave the UK and still get UK tax relief on it, but you cannot pay in unless you are a Crown employee working overseas or their spouse or civil partner. You must tell your provider as soon as you stop being UK resident, and you can pay in again if you return and become UK resident.<\/p><p>Whether to keep, transfer or close an ISA depends on the Spanish tax cost described above and on your UK position. Our overviews of <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/uk-pension-contributions-in-spain\/\">UK pension contributions in Spain<\/a> and the <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/british-expats-brexit\/\">legal position of British expats in Spain<\/a> cover the wider framework.<\/p><h2>Wealth tax implications<\/h2><p>Wealth tax accrues on 31 December and, for a Spanish resident, covers worldwide net assets, including ISA holdings, valued under the wealth tax rules. The state exempt minimum is \u20ac700,000 unless the region sets its own, under <a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-1991-14392\" target=\"_blank\" rel=\"dofollow noopener\">article 28 of the Wealth Tax Act<\/a>.<\/p><p>In the Valencian Community, <a href=\"https:\/\/www.boe.es\/diario_boe\/txt.php?id=BOE-A-2026-19331\" target=\"_blank\" rel=\"dofollow noopener\">article 19 of Ley 5\/2026<\/a> sets an exempt minimum of \u20ac2,000,000 for taxpayers who live habitually in the Community. The <a href=\"https:\/\/atv.gva.es\/es\/ipatrimoni\" target=\"_blank\" rel=\"nofollow noopener\">Valencian tax agency<\/a> says it applies from 11 August 2026, so to wealth held on 31 December 2026.<\/p><p>The temporary solidarity tax on large fortunes applies above \u20ac3 million of net assets under <a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2022-22684\" target=\"_blank\" rel=\"dofollow noopener\">article 3 of Ley 38\/2022<\/a>, and the law extends it while the review of regional financing is pending, as at 6 October 2026. Our guide to <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/spanish-wealth-tax\/\">Spanish wealth tax<\/a> covers both taxes in more detail.<\/p><h2>UK-Spain convention relief and the passive income question<\/h2><p>The <a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2014-5171\" target=\"_blank\" rel=\"dofollow noopener\">UK-Spain convention<\/a> allocates taxing rights over savings income:<\/p><ul><li><strong>Dividends (article 10):<\/strong> the State of residence of the holder may tax them, and the source State may also tax them up to a 10% cap in most cases.<\/li><li><strong>Interest (article 11):<\/strong> taxable only in the State where the beneficial owner is resident.<\/li><li><strong>Relief:<\/strong> Spain relieves double taxation by credit, so UK tax that the convention allows the UK to charge can be credited against Spanish tax.<\/li><\/ul><p>Because ISA income is normally free of UK tax, there is usually no UK tax to credit against the Spanish tax. That follows from the UK rules rather than from any ruling, and it is another reason to confirm your own position.<\/p><h2>Junior ISAs and Lifetime ISAs for families<\/h2><h3>Junior ISAs<\/h3><p>The <a href=\"https:\/\/www.gov.uk\/junior-individual-savings-accounts\" target=\"_blank\" rel=\"nofollow noopener\">UK government guidance on Junior ISAs<\/a> says the child must be under 18 and living in the UK, and that a parent or guardian with parental responsibility opens the account. We have found no official guidance on whether Spain attributes Junior ISA income to the child or to the parents, so contact us before the family becomes Spanish tax resident.<\/p><h3>Lifetime ISAs<\/h3><p>The <a href=\"https:\/\/www.gov.uk\/lifetime-isa\" target=\"_blank\" rel=\"nofollow noopener\">Lifetime ISA<\/a> carries a government bonus of 25% on savings, up to \u00a31,000 a year. We have found no official ruling on how Spain treats the bonus or the UK withdrawal charges, so we do not state a rule here. Contact us if you hold a Lifetime ISA and plan to move.<\/p><div style='border-left:4px solid #708473;background:#f5f7f5;padding:15px 20px;margin:25px 0'><p>British investors should also review our guides to <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/modelo-720-spain\/\">Modelo 720 and the foreign asset declaration<\/a> and <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/beckham-law-spanish-tax-regime\/\">the Beckham Law regime<\/a>, which both affect ISA holders.<\/p><\/div><h2>Common mistakes to avoid<\/h2><ul><li>Assuming the UK-Spain convention preserves the ISA&#8217;s tax-free status, when it has no ISA clause.<\/li><li>Overlooking Modelo 720 when a category of foreign assets exceeds \u20ac50,000. The old regime of \u20ac5,000 per item and a 150% charge was repealed by <a href=\"https:\/\/www.boe.es\/buscar\/doc.php?id=BOE-A-2022-3712\" target=\"_blank\" rel=\"dofollow noopener\">Ley 5\/2022<\/a> after <a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/HTML\/?uri=CELEX:62019CJ0788\" target=\"_blank\" rel=\"nofollow noopener\">case C-788\/19<\/a>, and a late or missing return now falls under <a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2003-23186\" target=\"_blank\" rel=\"dofollow noopener\">article 198 of the General Tax Act<\/a>, which sets \u20ac20 for each datum with a minimum of \u20ac300 and a maximum of \u20ac20,000.<\/li><li>Realising gains after arrival, when in our reading the whole gain from the original acquisition value is taxable in Spain.<\/li><li>Continuing to pay into an ISA from Spain, which the UK government guidance does not allow once you are not UK resident.<\/li><li>Not checking Beckham regime eligibility before the move, because its conditions look at the year of the move and the previous five years.<\/li><\/ul><div style='background-color:#f5f7f5;padding:20px;margin:30px 0'><h2>Talk to our team about your UK investment portfolio<\/h2><p>Our Valencia office advises British investors and retirees on the Spanish side of a move: how Spain taxes ISAs and other UK investments, Beckham Law eligibility and Modelo 720 compliance. Contact us to confirm how the rules above apply to your case.<\/p><p>We work in English, Spanish, French, Russian, German and Arabic.<\/p><p>Email: <a href='mailto:felix.delaguia@delaguialuzon.com'>felix.delaguia@delaguialuzon.com<\/a><\/p><p>Phone: <a href='tel:+34963741657'>+34 963 74 16 57<\/a><\/p><p>Avinguda Regne de Valencia, 6, 1\u00ba-2\u00ba, 46005 Valencia.<\/p><\/div><h2>Frequently asked questions on UK ISAs and Spanish tax residency<\/h2><h3>Does Spain recognise the UK ISA wrapper?<\/h3><p>We found no Spanish rule that recognises the ISA wrapper, and the UK-Spain convention has no ISA clause. In our reading of the general IRPF rules, a Spanish tax resident is taxed on the interest, dividends and gains inside an ISA as savings income. We found no AEAT or DGT ruling on ISAs, so contact us to confirm your case.<\/p><h3>What rates apply to my ISA income once I am Spanish tax resident?<\/h3><p>Spanish savings income is taxed at 19% up to \u20ac6,000, 21% up to \u20ac50,000, 23% up to \u20ac200,000, 27% up to \u20ac300,000 and 30% above that. In our reading, interest, dividends and capital gains from an ISA are taxed on the same scale.<\/p><h3>Do I need to declare my ISA on Modelo 720?<\/h3><p>Modelo 720 is due when the assets you hold abroad in a category exceed \u20ac50,000. In our reading a cash ISA counts as an account and a stocks and shares ISA as securities held abroad, but no official ruling addresses ISAs, so contact us to confirm.<\/p><h3>Does Modelo 721 apply to ISAs?<\/h3><p>No. Modelo 721 is the return for virtual currency held abroad with a third-party custodian, and an ISA holds cash and securities.<\/p><h3>Can I keep contributing to my UK ISA from Spain?<\/h3><p>No. The UK government guidance says you cannot pay money into an ISA once you stop being UK resident, unless you are a Crown employee working overseas or their spouse or civil partner. You can keep the ISA open, and you must tell your provider when you stop being UK resident.<\/p><h3>Should I sell investments inside my ISA before moving?<\/h3><p>It can be worth considering. In our reading, selling and buying back inside the ISA before you become a Spanish tax resident can reset the acquisition value used for later Spanish gains, but we know of no official statement on this, so contact us before you act.<\/p><h3>How does the Beckham Law affect ISA holdings?<\/h3><p>People who opt for the regime are taxed on income obtained in Spanish territory under article 93 of the IRPF Act. In our reading, foreign-source ISA income stays outside the Spanish base while the regime applies, and no official ruling on ISAs confirms this.<\/p><h3>Do UK ISA dividends carry any withholding I can credit?<\/h3><p>ISA income is normally free of UK tax, so there is usually no UK tax to credit. The UK-Spain convention relieves double taxation in Spain by credit for UK tax that the convention allows the UK to charge.<\/p><h3>What happens if I close my ISA after becoming Spanish tax resident?<\/h3><p>In our reading, gains realised on the closure are taxed in Spain as savings income, measured in euros from the acquisition value to the disposal value. Contact us if you plan to close an ISA after the move.<\/p><h3>Does the timing of my move matter?<\/h3><p>Yes, but it does not settle the question alone. You are resident in Spain if you stay more than 183 days in a calendar year or if the main base of your activities or economic interests is in Spain, and residence is presumed where your spouse and dependent minor children live in Spain.<\/p><p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"LegalService\",\"@id\":\"https:\/\/delaguialuzon.com\/en\/#legalservice\",\"name\":\"Delagu\u00eda y Luz\u00f3n Abogados\",\"url\":\"https:\/\/delaguialuzon.com\/en\/\",\"telephone\":\"+34 963 74 16 57\",\"email\":\"felix.delaguia@delaguialuzon.com\",\"address\":{\"@type\":\"PostalAddress\",\"streetAddress\":\"Avinguda Regne de Valencia 6, 1\u00ba-2\u00ba\",\"addressLocality\":\"Valencia\",\"postalCode\":\"46005\",\"addressCountry\":\"ES\"},\"areaServed\":\"ES\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/delaguialuzon.com\/en\/#website\",\"url\":\"https:\/\/delaguialuzon.com\/en\/\",\"name\":\"Delagu\u00eda y Luz\u00f3n Abogados\",\"inLanguage\":\"en-GB\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/delaguialuzon.com\/en\/blog\/uk-isas-spanish-tax-residency\/#image\",\"url\":\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/09\/uk-isas-spanish-tax-residency.webp\",\"width\":1280,\"height\":720},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/delaguialuzon.com\/en\/blog\/uk-isas-spanish-tax-residency\/#webpage\",\"url\":\"https:\/\/delaguialuzon.com\/en\/blog\/uk-isas-spanish-tax-residency\/\",\"name\":\"UK ISAs and Spanish tax residency: 2026 tax treatment\",\"inLanguage\":\"en-GB\",\"isPartOf\":{\"@id\":\"https:\/\/delaguialuzon.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/delaguialuzon.com\/en\/blog\/uk-isas-spanish-tax-residency\/#image\"}},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/delaguialuzon.com\/en\/blog\/uk-isas-spanish-tax-residency\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":\"1\",\"name\":\"Home\",\"item\":\"https:\/\/delaguialuzon.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":\"2\",\"name\":\"Blog\",\"item\":\"https:\/\/delaguialuzon.com\/en\/blog\/\"},{\"@type\":\"ListItem\",\"position\":\"3\",\"name\":\"UK ISAs and Spanish tax residency\",\"item\":\"https:\/\/delaguialuzon.com\/en\/blog\/uk-isas-spanish-tax-residency\/\"}]},{\"@type\":\"BlogPosting\",\"@id\":\"https:\/\/delaguialuzon.com\/en\/blog\/uk-isas-spanish-tax-residency\/#blogposting\",\"headline\":\"UK ISAs and Spanish tax residency: 2026 tax treatment\",\"author\":{\"@type\":\"Organization\",\"name\":\"Delagu\u00eda y Luz\u00f3n Abogados\"},\"publisher\":{\"@id\":\"https:\/\/delaguialuzon.com\/en\/#legalservice\"},\"mainEntityOfPage\":{\"@id\":\"https:\/\/delaguialuzon.com\/en\/blog\/uk-isas-spanish-tax-residency\/#webpage\"},\"image\":{\"@id\":\"https:\/\/delaguialuzon.com\/en\/blog\/uk-isas-spanish-tax-residency\/#image\"},\"inLanguage\":\"en-GB\"},{\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Does Spain recognise the UK ISA wrapper?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"We found no Spanish rule that recognises the ISA wrapper, and the UK-Spain convention has no ISA clause. In our reading of the general IRPF rules, a Spanish tax resident is taxed on the interest, dividends and gains inside an ISA as savings income. We found no AEAT or DGT ruling on ISAs, so contact us to confirm your case.\"}},{\"@type\":\"Question\",\"name\":\"What rates apply to my ISA income once I am Spanish tax resident?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Spanish savings income is taxed at 19% up to \u20ac6,000, 21% up to \u20ac50,000, 23% up to \u20ac200,000, 27% up to \u20ac300,000 and 30% above that. In our reading, interest, dividends and capital gains from an ISA are taxed on the same scale.\"}},{\"@type\":\"Question\",\"name\":\"Do I need to declare my ISA on Modelo 720?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Modelo 720 is due when the assets you hold abroad in a category exceed \u20ac50,000. In our reading a cash ISA counts as an account and a stocks and shares ISA as securities held abroad, but no official ruling addresses ISAs, so contact us to confirm.\"}},{\"@type\":\"Question\",\"name\":\"Does Modelo 721 apply to ISAs?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. Modelo 721 is the return for virtual currency held abroad with a third-party custodian, and an ISA holds cash and securities.\"}},{\"@type\":\"Question\",\"name\":\"Can I keep contributing to my UK ISA from Spain?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. The UK government guidance says you cannot pay money into an ISA once you stop being UK resident, unless you are a Crown employee working overseas or their spouse or civil partner. You can keep the ISA open, and you must tell your provider when you stop being UK resident.\"}},{\"@type\":\"Question\",\"name\":\"Should I sell investments inside my ISA before moving?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It can be worth considering. In our reading, selling and buying back inside the ISA before you become a Spanish tax resident can reset the acquisition value used for later Spanish gains, but we know of no official statement on this, so contact us before you act.\"}},{\"@type\":\"Question\",\"name\":\"How does the Beckham Law affect ISA holdings?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"People who opt for the regime are taxed on income obtained in Spanish territory under article 93 of the IRPF Act. In our reading, foreign-source ISA income stays outside the Spanish base while the regime applies, and no official ruling on ISAs confirms this.\"}},{\"@type\":\"Question\",\"name\":\"Do UK ISA dividends carry any withholding I can credit?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"ISA income is normally free of UK tax, so there is usually no UK tax to credit. The UK-Spain convention relieves double taxation in Spain by credit for UK tax that the convention allows the UK to charge.\"}},{\"@type\":\"Question\",\"name\":\"What happens if I close my ISA after becoming Spanish tax resident?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In our reading, gains realised on the closure are taxed in Spain as savings income, measured in euros from the acquisition value to the disposal value. Contact us if you plan to close an ISA after the move.\"}},{\"@type\":\"Question\",\"name\":\"Does the timing of my move matter?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, but it does not settle the question alone. You are resident in Spain if you stay more than 183 days in a calendar year or if the main base of your activities or economic interests is in Spain, and residence is presumed where your spouse and dependent minor children live in Spain.\"}}]}]}<\/script><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<style>\r\n.lwrp.link-whisper-related-posts{\r\n            \r\n            margin-top: 40px;\nmargin-bottom: 30px;\r\n        }\r\n        .lwrp .lwrp-title{\r\n            \r\n            \r\n        }.lwrp .lwrp-description{\r\n            \r\n            \r\n\r\n        }\r\n        .lwrp .lwrp-list-container{\r\n        }\r\n        .lwrp .lwrp-list-multi-container{\r\n            display: flex;\r\n        }\r\n        .lwrp .lwrp-list-double{\r\n            width: 48%;\r\n        }\r\n        .lwrp .lwrp-list-triple{\r\n            width: 32%;\r\n        }\r\n        .lwrp .lwrp-list-row-container{\r\n            display: 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srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/02\/divorce-in-spain-for-expats.jpg 795w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/02\/divorce-in-spain-for-expats-300x200.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/02\/divorce-in-spain-for-expats-768x513.jpg 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Divorce across borders: How it works in Spain for expats<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/en\/blog\/interview-gonzalo-gomez-luzon\/\" class=\"lwrp-list-link\"><img width=\"360\" height=\"239\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/02\/gonzalo.png\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"Entrevista con Gonzalo G\u00f3mez\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/02\/gonzalo.png 360w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/02\/gonzalo-300x199.png 300w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/><br><span class=\"lwrp-list-link-title-text\">Interview with Gonzalo G\u00f3mez Luz\u00f3n for the 65th anniversary of Delagu\u00eda y Luz\u00f3n<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/en\/blog\/family-reunification-visa-in-spain\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"270\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/family-reunification-vis-in-spain.jpg\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"family reunification visa in spain\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/family-reunification-vis-in-spain.jpg 795w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/family-reunification-vis-in-spain-300x169.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/family-reunification-vis-in-spain-768x432.jpg 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Bringing your family to Spain: Family reunification (Reagrupaci\u00f3n Familiar) explained<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/en\/blog\/rent-your-flat-through-airbnb-in-valencia\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"320\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2024\/03\/renting-through-airbnb.jpg\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"renting through airbnb\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2024\/03\/renting-through-airbnb.jpg 795w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2024\/03\/renting-through-airbnb-300x200.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2024\/03\/renting-through-airbnb-768x512.jpg 768w\" 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<\/div>\r\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A UK ISA is tax-free in the UK, but we found no Spanish ruling on ISAs. This guide sets out the firm&#8217;s reading of the IRPF rules, the 2026 savings rates, Modelo 720 and the Beckham Law, and when to contact us to confirm your case.<\/p>\n","protected":false},"author":5,"featured_media":27459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mbp_gutenberg_autopost":false,"_joinchat":[],"footnotes":""},"categories":[47],"tags":[],"class_list":["post-27449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-law"],"permalink_manager":null,"_links":{"self":[{"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/posts\/27449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/comments?post=27449"}],"version-history":[{"count":8,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/posts\/27449\/revisions"}],"predecessor-version":[{"id":28189,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/posts\/27449\/revisions\/28189"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/media\/27459"}],"wp:attachment":[{"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/media?parent=27449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/categories?post=27449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/tags?post=27449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}