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The majority of Spanish wills include the lifetime usufructuary figure, in which the deceased grants the use of all or part of their estate to an individual (usually their spouse) until their death. Faced with the testator’s will, the other heirs can only abide by it. More specifically, in the Spanish Civil Code, this concept […]
Category Archives: Blog English
25
Jun
Jun
These days, in which due to Covid-19 mobility between countries has been limited, we want to approach all those people who reside in another country, who have a property in Spain and who out of fear, respect or certain limitations do not intend to come for the moment to enjoy their properties. Today, it is […]
04
Jun
Jun
According to tradition in the world of taxation, the month of July is the month of TAX and, as our readers know, all companies whose fiscal year coincides with the calendar year must file the Corporate Income Tax between the 1st and 25th of July every year. For this reason, we want to take advantage […]
04
Jun
Jun
If you are thinking on selling shares in your company, below we highlight some of the most important information to bear in mind: Commercially: The transfer of corporate shares is included in our legal system in the Capital Companies Law, Articles 106 et seq. These Articles, among other things, establish the obligation to carry out […]
04
Jun
Jun
The office of the non-director secretary is independent and different from that of the corporate directors (or the Board of Directors). This office finds its legal endorsement in Article 529 g of the Capital Companies Law (TRLSC) which, although this precept refers to listed companies, their functions and responsibilities will be the same, regardless of […]
04
Jun
Jun
What happens to the VAT if the tenant of my premises doesn’t pay me? Should I stop issuing invoices? When the tenant stops paying the rent of a premises, the owners usually make various mistakes, such as: The first mistake that is usually made is to stop issuing invoices. It’s true that this generates […]
03
Jun
Jun
The concept and peculiarities of gifts in Spanish law are set out in the Spanish Civil Code, specifically in Articles 618 et seq. Said Articles indicate that it is a free act by which a person who owns an asset disposes of it and gives it away free of charge in favour of another person […]
03
Jun
Jun
Every day the different Tax Offices[1] are making the application of the regulation more complex, since both want to charge their taxes and they fight among each other to obtain the tax, especially when it is high, as is usually the case with property purchases and sales. At first glance it might seem a trivial […]
02
Jun
Jun
Today we are discussing a very special case that we are sure you’ll find interesting. Suppose that we establish a company to construct one single house, and while we are building it a buyer appears who wants to take over the company, that is to say, they will be directly acquiring the company shares and […]
02
Jun
Jun
It is common that various people are joint owners of one or various assets and, very often, one of these is a property. This is usually due to the fact that the asset has been acquired by various individuals at the same time, that it belongs to a community of property or comes from an […]