INTERNATIONAL NETWORK OF LAW AND CONSULTING FIRMS
The bankruptcy statistics for this year 2021 indicate what many experts in bankruptcy law already predicted: The avalanche of bankruptcy proceedings is a reality. However, the statistics are highly distorted by the bankruptcy moratorium that was declared by Royal Decree-Law
The Administration presented its criteria on the treatment conferred on the expense for amortization of the income from real estate capital (basically rentals) derived from properties acquired by succession or donation.
The recent order of the National Court of March 23, 2021, has urged a question of constitutionality on Royal Decree-Law 3/2016, whose resolution could affect all or part of its content.
The Accounting and Auditing Institute (hereinafter ICAC) has confirmed in a query that literally analyzes that the owners will not have to pay taxes for the income not received due to the reductions agreed in the rental contracts derived from COVID-19.
There is no doubt that the management, by the public authorities, of the crisis sanitary has caused innumerable damages to the commercial sector (both owners and tenants).
