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AMENDMENT OF THE LIMITATION PERIOD FOR PERSONAL ACTIONS

The first final provision of Law 42/2015, dated October 5th, for the amendment of Civil Procedure Law 1/2000, dated January 7th, sees the introduction of an important reduction to the limitation period for the exercising of personal actions for which no special limitation period is established. Thus, the general limitation period of 15 years as established by the Civil Code was reduced to 5 years, as from 7th...

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INHERITANCE AND GIFT TAX

By means of Ruling passed on September 3rd, 2014, the Court of Justice of the European Union (CJEU) declared that the tax regime established under the Spanish Inheritance and Gift Tax  contravened European Union primary law, as it infringed on the principle of free movement of capital, specifically by infringement of Article 63 of the Treaty on the European Union and Article 40 of the Agreement on the European...

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