Is Liability Insurance Tax-Deductible?

Is Liability Insurance Tax-Deductible?

Can liability insurance be tax-deductible? In this article we clarify this question and comment, in general terms, on the tax framework that applies to this type of insurance product. Tax Framework for Liability Insurance As a rule, liability insurance is often taken...
More Freedom for Mortgage Insurance Customers

More Freedom for Mortgage Insurance Customers

The new Real Estate Credit Act was published in the Spanish Official Gazette on 16 March and entered into force in June 2019, allowing banks to adapt properly to the changes it introduced. What Do These Changes Mean? These changes represent fresh air for both...
Non-Contractual Liability: Meaning and Examples

Non-Contractual Liability: Meaning and Examples

To explain what non-contractual liability is, it is first necessary to look at the concept of liability, understood as the obligation arising from an act that harms another person’s interests or rights as a result of our actions or negligent conduct. For example, a...
What Are General Conditions in an Insurance Policy?

What Are General Conditions in an Insurance Policy?

Insurance is taken out through adhesion contracts that regulate the relationship between the insurer and the insured party. These contracts are structured through particular conditions and general conditions. In some cases, special conditions are also included. The...
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