What is the Meaning & Definition of Nuda property

The end of this entry should be locate in the field of law and, more specifically, in relation to the idea of property. From a legal point of view, it is possible to speak of two types of properties: the full property and the bare ownership. Suppose that someone acquires a particular good, an automobile. This acquisition means that the owner of the vehicle can do what deems appropriate with him (not to use it, handle it with normality, give it to someone or sell it freely). In other words, you can have the vehicle as appropriate because the property that is over it is absolute.
Conversely, when you purchase a good can happen of a self-limitation of its property. Let us take an example: I buy a House and to avoid in the future payment of the inheritance tax decided to put it on behalf of my children. This hypothetical situation, it could include a clause in the deed of the House according to which who has right of use of the House would be myself, although legally the owners are my children. As well, in this circumstance there would be the bare ownership.
The bare ownership is a legal limitation of full ownership. This legal aspect is common in most civil codes. Who has the bare ownership of something is in situation of usufructuary, i.e. you can enjoy a good although not its full owner.

Relationship between bare ownership and usufruct

The usufruct allows you to enjoy and have a good alien but with the obligation of preserving it properly. The usufruct may be in favour of one person or more than one and in both cases can be temporary or lifetime. In this sense, the usufruct is the consequence of the bare ownership. From a legal point of view, to establish the bare ownership a calculation of the value of the property is necessary. So the value of the property (for example, a concrete House) is calculated with reference to the prices of the rental market and that value is you should be subtracted the estimated value of the usufruct. In this way, the end result is the value of the bare ownership. This means that the valuation of the bare ownership is not free but is conditioned by what establishes the legal framework in force. In this sense, the tax law specifies rules and procedures related to the valuation of the bare ownership.
On the other hand, there are also legally other similar situations, namely the right to use and the right of the room.