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Finance is about acquiring, allocating and preserving money or other valuables.
General driving licences must be renewed at the age of 65. The new driving licence is valid for 5 years if renewed before the 70th birthday.
Civil suits address disputes over rights and duties between individuals or legal persons or against the state or other public bodies. The parties in a civil suit can thus be individuals, organizations, institutions or the Icelandic state.
As of 1 January 2026, the obligation to register lease agreements in the HMS Rent register will apply to all parties who rent out residential housing.
Inheritance tax is payable to heirs on funds accruing to them.
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