With regards to our apartment block in the UK. It is run by a management company, all owners of apartments are immediately made members of the management company and the management company is run by four directors. Each director having to be an owner obviously.
I am one of the directors, which until moving to Tenerife was perfectly fine. One guy does all of the financial stuff (paying bills from the management company's bank account, preparation of annual budget, liaising with the accountant who audits our accounts and preparing the financial reports for the AGM etc)
I've just been asked if I would be willing to take control of these financial aspects, which in itself, physically, isn't an issue for me.
My concern is how would this affect my MOD 720 declaration (next year) if I took control of this as I would then be a single signatory for a large sum of money (all be it not my money) but I believe this would need to be declared? Maybe one for our accountant?