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Areas General Services Economy and Treasury Formentera endorses draft legislation on agreed or contractual succession in Balearic Islands

Formentera endorses draft legislation on agreed or contractual succession in Balearic Islands

The Consell de Formentera has indicated its satisfaction following represented political parties' tabling of a draft law on agreed or contractual succession in the Balearic Parliament. The document was drafted by the Civil Law Advisory Council of the Balearic Islands (Consell Assessor de Dret Civil de les Illes Balears).

Bartomeu Escandell, councillor of finance and general services, praised the work of Formentera's CADCIB representatives, calling it "key to tailoring succession agreements in life to our reality today". "This is something we have always campaigned for", he said, "and such succession agreements are very common on our island". "This amendment gives greater legal certainty to individuals relying on this type of succession", added the councillor, who hopes that definitive approval will come quickly.

The law creates two sets of rules to govern succession agreements: one for Formentera and Eivissa and another for Mallorca and Menorca, thus accommodating the idiosyncrasies of each island with respect to local civil law. The Consell de Formentera also asks that the law be included in the Third Book of Provisions on the Islands of Eivissa and Formentera of the Balearic Islands Civil Law Compendium, and that it remain within the remit of regional government.

The CADCIB is a consultative and advisory body of the Balearic Parliament and Government in matters of local civil law. The proposed legislation has also received the endorsement of the Eivissa-Formentera Civil Law Advisory Council.

Succession agreements are not recognised in all Spanish civil law regimes; only in the Balearic Islands, Galicia, the Basque Country, Catalonia, Navarre and Aragon.

7 July 2022
Communications Office
Consell de Formentera

Find us at:
plaça de la Constitució, 1
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tel. 971 32 10 87 · fax 971 32 25 56

Agència Tributària de les Illes Balears

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Revista Formentera més propera

Agència Tributària

Ministerio de Economía y Hacienda

Política Regional - Inforegio