LAGARES NEWS

The earnest money contract, also known as deposit or reservation contract, lies its importance in the need to establish the conditions of purchase of a property, easening the whole process while declaring the guarantees against a possible breach by any of the parties....

Article 233 of the General Tax Law regulates the suspension of the implementation of the contested act by economic and administrative means, and paragraph 3 reads as follows: "3. When the interested party cannot provide the guarantees necessary to obtain the...

Following the proximity of the end of measures established to address situations of vulnerability in housing, which had previously been extended by Royal Decree Law 16/2021 of August 3 and implemented by Royal Decree Law 8/2021 and 11/2020, on 27 October 2021, Royal...

For some years now, the litigation affecting the tax on the increase in the value of urban land, better known as municipal capital gain tax, has been increased, resulting in court decisions that, in some way, broke the mould and the stagnation/automaticity of this...

Covid-19 has led to the appearance of a multitude of changes, going far beyond the purely health aspect. We have been witnessing the implementation of numerous initiatives aimed at alleviating the harmful effects of this health pandemic. In this way, the development...

Spanish Congress has finally given the green light to stand up for climate change and its challenges and has done so through the new Law 7/2021, of May 20, on Climate Change and Energy Transition, the first in its field which came into force on May 22, 2021. Thanks to...

Organic Law 5/2010 of June 22, reforming the Penal Code, which came into force on December 23, 2010, later completed and adapted by Organic Law 1/2015, introduced amongst other notable new features the abolition of the old Roman aphorism societas delinquere non potest...

What exactly is the ZEC? The Canary Islands Special Zone or ZEC is a low tax zone approved by the EU, included in Law 19/1994 of July 6, modifying the Economic and Fiscal Regime of the Canary Islands, which aims to promote economic development in the islands. In the...

1. Verifying its situation in the Registry. Once you have selected the property you would like to purchase, the first step is verifying its situation at the Property Registry, that is, checking if its free of any liens (foreclosure, mortgage, etc.). Some of these...