LEGAL PROTECTION OF THE RIGHT OF A PROPERTY’S VIEWS

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Any owner registered in the Land Registry can take legal action to compel someone to carry out works needed to remove an obstruction to the view from their property so as to restore things to their condition prior to the disruption.

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OBLIGATIONS OF A SPANISH COMPANY COMPANY DIRECTOR (ADMINISTRADOR)

Depositphotos_12884114_s-2019Anyone who is a director of a Spanish limited company has certain legal obligations (which is why the director is required to accept the position) and is therefore liable for its acts and omissions when they in any way damage the company itself, its partners or creditors, the three most significant interests for which the Spanish juridical system provides greater levels of legal protection.

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THE DELIVERY OF A PROPERTY THAT IS DIFFERENT TO THE ONE CONTRACTED IN AN OFF-PLAN PURCHASE.

Any off-plan purchaser can take legal action BREACH OF CONTRACT red stamp textthat requires the vendor/promoter to cancel the off-plan purchase contract if the finished property does not significantly match what was described in the contract or promotional publicity, such legal action seeking the return of stage payments and fees, with interest.

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INHERITANCE & GIFT TAX UPDATE

Planning Law legal conceptSpain’s autonomous communities have devolved powers to legislate in certain tax matters. In the case we are examining here, that of inheritance and gift tax, the Canaries enjoys certain tax benefits for children and spouses that are greater than in other autonomous communities, specifically:heirs belonging to groups I and II (spouse, parents and children) are granted a 99.9% discount of the tax payable on lifetime gifts (“inter vivos”) provided that the donation is formalized in a notarial deed.
Spouses, descendants and adopted children also enjoy a 95% reduction on the net value of elements of a business or professional activity developed by the donor, provided that a series of requirements are met. Continue reading “INHERITANCE & GIFT TAX UPDATE”