Ancora Imparo...     
 

Alemania
  Juan Bertomeu Valles
Abogado  
Spanish Lawyer 
jb@iurisconsulting.net                                                  

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SPECIAL RULES OF SETTLEMENT


A.
Taxation of beneficial interest
1. Temporary usufruct are valued at 2% of the total value of goods for each period of one year not exceeding 70%. No fractions of time under  one year not are considered-

2. Life right of Usufruct  are valued at 70 %of the total value of goods, for the usufructuary under 20 years, with increasing age is decreased by 1 100 less per year, with a minimum of 10 per 100 ( age 89).
3. Bare ownership is the difference between the total value of the property and the usufruct. In successive usufruct the value of the bare ownership is calculated taking into account the enjoyment of the highest percentage, and the extinction of the usufruct the bare owner will pay for the increase in value as the bare ownership experience and so on to extinguish the other usufruct.
4. The value of the real rights of use and habitation will be the result of applying to 75 per 100 valuation of property on which they were imposed, the rules for the valuation of temporary or lifetime usufruct, as appropriate.


B. Substitutions:

Vulgar Substitution: Fiscally it is understood that the replacement inherits the deceased to a rate as a kinship to him and taking into account existing heritage (In the case of the substituted renounce the inheritance, the estate is to compute the resigning when you have more than one designated beneficiary).

- The trusts will be required in the institution and imposed upon each replacement taking into account the established pre-existing assets or substitute, and degree of kinship with the deceased individual, well-known to the trustee and the trustees, except the last, as mere usufruct, unless he could dispose of property by acts inter vivos or mortis causa, in which case will be settled by the full domain.

C. The municipal capital gain, which in the case of inheritance is extended from the normal term of  30 days up  to 6 months (as ISD) and applies reduced rate.

     
    

Updated October 21st  2011

     
    
Main Office: Calle Doctor Calatayud, 39,  03724  Moraira  Alicante   Spain


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