It is an independent patrimony of any person or company, unassailable, formed by money or goods, that are at the service of a disabled person who will benefit from them.
People with a degree of physical or sensory disability greater than 65%, according to the certificate issued by the competent administrative body.
To meet the vital needs of the person who benefits from it. It cannot be applied to any other objective.
Any person or company. The only limitation is that whoever constitutes at the same time administrator and beneficiary.
Once all the legal requirements are met, a notarial public deed is needed to create it, where the affected goods and money will be determined that will be destined to satisfy the needs of the beneficiary.
In spite of the purchase of goods or the contracting of services by the beneficiary, the creditors will not be able to seize anything that forms part of the protected Patrimony.
The notary will notify the constitution of the Protected Heritage to the Civil Registry, where the birth of the beneficiary is registered, and to the fiscal ministry, so that it is aware of its existence and, if necessary, verify compliance with the legal requirements.
If the contribution of bines is made by the same beneficiary, the contribution will be exempt from the property transfer tax.
When the contributors are people, they will be considered as work income up to the amount of € 10,000 per year for each contributor and € 24,250 per year as a whole. The rest is subject to inheritance and donation tax.
When the contributors are subject to corporate tax, they will be considered as earned income provided they have been deductible expenses in the corporate tax, with a limit of € 10,000 per year.