The long-awaited and important ruling of the Supreme Court has just been published regarding the application of the 95% reduction for family businesses provided for in the Inheritance and Gift Tax, in cases of property rental activity. The regulations establish that, for the leasing of real estate to be considered an economic activity, it is […]
Today’s Official State Gazette publishes the judgment of the Third Chamber of the Spanish Supreme Court of 19 June 2025 declaring the nullity of Section 3 of Chapter VI of Royal Decree 517/2014, regulating unmanned aircraft. This Section includes articles 53 to 58 of the Royal Decree and was introduced at the request of the
Just a few hours ago, the European Commission took a decisive step towards the consolidation of a common space market with the presentation of a Proposal for a Regulation that seeks to harmonize the rules applicable to space activities throughout its territory. [1] This initiative responds to an increasingly evident reality: for some years now,
EU Proposes New Regulation on Space Activities Read More »
Royal Decree 10/2025 of 14 January (published in the Official State Gazette – BOE – on 15 January 2025), approves the new National Classification of Economic Activities 2025 (Clasificación Nacional de Actividades Económicas 2025 – CNAE-2025), which replaces the currently applicable CNAE-2009. This update responds to the need to reflect structural, scientific and technological changes
New list of CNAE-2025 codes: mandatory notifications and deadlines Read More »
In a significant legislative change, the government has approved Law 1/2025 of January 2nd, which repeals the Golden Visa program. This new regulation will come into effect on April 3rd, 2025, after this date international investors will no longer be able to apply for this type of visa. The Golden Visa program has allowed foreign
Golden Visa derogated: investors have less than 3 months to apply for it Read More »
The Spanish Government has decided to extend, until 31 December 2026, the transitional regime that suspends the liberalisation of certain foreign direct investments in Spain carried out by residents of other European Union (EU) countries and of the European Free Trade Association (EFTA). This measure was initially introduced in the sole transitional provision (“disposición transitoria
As of 28 December 2024, new limits of liability, under the Convention for the unification of certain rules for international carriage by air (Montreal Convention 1999), after the ICAO completed the review procedure laid down in its Article 24. The ICAO announced on last 16 October, by means of the State Letter LE 3/38.1-IND/24/8, the
Revision of the limits of liability under the Montreal Convention 1999 Read More »
The Tax Department at Augusta Abogados would like to share some ideas to help optimise your taxation on PIT. Offsetting Capital Gains with Losses Capital gains from the transfer of any type of asset would be included in the savings tax base and taxed at rates ranging from 19% to 28%. However, capital gains
Ideas for optimising personal income tax (PIT) for FY 2024 Read More »
Last Thursday (20/11/2024) the Congress approved a tax reform that will be validated by the Senate in the next month and will come into force before the end of the year. One of the measures consists of a gradual reduction in the corporate tax rate for small entities (those with a group turnover of less
2024 Tax Reform: Gradual Reduction of Corporate Tax for Small and Micro Entities Read More »
