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V0076-21 ·22 January 2021 ·consulta-vinculante Medium impact
Tax

Individuals over 65 may be exempt from capital gains tax on the sale of their primary residence

A taxpayer over the age of 65 has enquired whether they can apply for exemptions regarding the sale of a primary residence shared with their spouse. The Directorate General of Taxes (DGT) clarifies that the individual over 65 is entitled to a direct exemption, whereas the younger spouse must reinvest the proceeds into a new home to qualify.

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2021-01-22PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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