
Family business in Spain: key characteristics and advantages
Did you know that more than 85% of companies in Spain are family‑owned? This business model not only drives employment and the national economy but
In a Resolution dated May 12th, 2023, the TEAR upheld the claim filed against the provisional ISD liquidation of the Community of Madrid, determined by the DGT of the Community of Madrid, which denied the application of the 99% tax credit, based on the fact that the donation documented before a French Notary Public and duly apostilled, would not be considered as a public document, a requirement established by article 3.five.2 of Law 4/2006, of December 22nd, 2006, on Tax and Administrative Measures.
On the contrary, the TEAR appreciates that those formalized before a foreign Notary cannot be excluded from the consideration of public documents, as long as they comply with the notarial legislation of the corresponding State, together with the fact that the apostille of the document has recognized the condition of “public document”, thus confirming its documentary cate gory.
The TEAR also ratifies that the only requirement demanded by Article 25.2 of Legislative Decree 1/2010, of October 21st, consists of the mere formalization of the donation by means of a public document, so that the granting of a notarial deed of donation itself cannot be considered essential.
Did you know that more than 85% of companies in Spain are family‑owned? This business model not only drives employment and the national economy but
Do you want to work remotely from another country with legal backing? The Digital Nomad Visa has become one of the most attractive tools in
Do you want to invest in Portugal and obtain European residency? The Golden Visa in Portugal has become one of the most attractive ways to