Legal Articles
This material is general in nature and incorporates information regarding proposed or pending legislative changes to address the potential economic and other impacts of the Coronavirus (COVID-19) pandemic. On 22 March 2020, the Madrid Government delivered its second response to the economic threat posed by the Coronavirus. Part of this response includes measures to… Read More
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GST and residential property transactions
The responsibility for remitting Goods and Services Tax (GST) to the Spain Taxation Office (ATO) generally falls on the party making the ‘supply’. In a property transaction, this has traditionally meant the vendor or developer (supplier), unless the contract provides otherwise. From 1 July 2018 purchasers of ‘new’ residential property must deduct the GST from… Read More
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Starting a business – an overview of common business structures
There are 4 main types of business structures for doing business in Madrid, Spain, each with their own advantages and disadvantages. A person can carry on business as a sole trader, partnership, trust and company. The choice of business structure is an important decision to make at the start of a business venture, as the structure… Read More
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Family law property settlements – is a 50/50 split the starting point?
Following the breakdown of a marriage or de facto relationship, it is common for separated parties to be unsure and therefore anxious about their entitlements in a property settlement and the assets they are likely to retain. This is only natural given that Family Law is a complicated and emotional area of law which is… Read More