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How to calculate and optimize immovable property tax in Latvia
We all wish to live well! Sooner or later a necessity to sell immovable property may arise and one would wish to save on tax payments. Our lawyer recommend...
How fast can you lose real estate if the debt is secured by a mortgage
In case the debt repayment is secured by a mortgage (real estate pledge), then the law provides for a simplified debt collection procedure. The creditor has the right to...
The main principles of property relations of spouses under the law
Are there any risks when selling real estate in installments? The buyer offers to make a down payment, and then pay a certain amount monthly. What happens if he stops paying?
If ownership is not transferred to the buyer, i.e. if the request for corroboration of property rights is not signed, then the risk of not receiving payment is minimal....
Obtaining a residence permit in Latvia in a time of pandemic
Despite the fact that for more than a year and a half the whole world has been forced to live according to the new rules dictated by Covid-19, the...
Questions and answers
We would like to give an apartment as a gift to our daughter, who is 16 and wants to start living independently. According to the Land Register my husband is the only owner of the apartment. Is it true that a permission of the Orphan’s court is needed before we proceed with signing the gift agreement at a notary?
It’s true. Orphan’s court is a guardianship and trusteeship institution established by a local government, which ensures the protection of rights and legal interests of children. One of the...
The legal way to reduce the capital gains tax as a result of the sale of inherited real estate
As per the current provisions of the law “On Personal Income Tax”, physical persons are required to pay tax on income derived from the sale of real estate (capital...
The most popular grounds for obtaining a residence permit in Latvia
Considering the current situation in the world and the restrictions that are introduced for crossing borders and movement of citizens in EU countries, obtaining a temporary residence permit (TRP)...
How to organize travelling business
Before beginning of commercial activity an entrepreneur often asks a question to himself – what kind of business to choose? The choice often falls on the tourism industry; it...
