July 29, 2021

The Government approves today the decree on mortgages and procedures to exhume Franco

The Government approves today the decree on mortgages and procedures to exhume Franco

The Council of Ministers will approve today the royal decree to ensure that the banks are the ones that assume the tax of documented legal acts of the mortgages, and will adopt administrative decisions to exhume Francisco Franco from the Valley of the Fallen.

These are two of the main issues included in the agenda of the meeting of the Cabinet that Pedro Sánchez will preside at the Moncloa Palace and to which all the ministers will attend.

The approval of the royal decree on the mortgages was announced yesterday by the president of the Government, Pedro Sanchez, after the decision adopted by the Supreme Court that exempted the banks of the payment of that tax.

Sanchez explained that it is not about eliminating the tax, but that the intention is to attribute the legal acts documented to the banking sector through a change that will come into force as of its publication in the Official State Gazette.

Such regulation, which will affect article 29 of the Law on Transfer Tax and Documented Legal Acts, will follow an independent channel with respect to the new mortgage law, drafted in accordance with the European directive during the mandate of the PP and will be processed by the Executive socialist after almost two years of delay.

Sanchez also confirmed yesterday that today some of the last administrative steps will be taken for the exhumation of Franco from the Valley of the Fallen

Specifically, according to Efe sources of the Government, will adopt two decisions related to the community of Madrid and the municipality of San Lorenzo de El Escorial.

It will ask the regional government for a non-binding report on mortuary health so that it can be issued within a maximum period of one month and will send the corresponding project to the municipality to carry out the exhumation.

The Council of Ministers will also approve a royal decree on roads.


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