Unjust Enrichment of Mortgage Creditor

All Magistrates of the Civil Courtrooms of Spain's Supreme Court have recently set legal doctrine in regards to unjust enrichment of a mortgage creditor when repossessing for a price much lower than the Valuation Value: Bank sells afterwards at a much higher price which brings an … [Read more...]

Banks do not pay donation taxes for payment in kinds

When, in a payment in kind (in Spanish, "dación"), the property is valued lower than the debt and the lender releases in their entirety to the debtor, the General Directorate of Central Taxes considers that there is no donation, which greatly facilitates that such operations, so socially demanded, … [Read more...]

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