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V0487-24 ·4 April 2024 ·consulta-vinculante Medium impact
Tax

Reinvestment exemption cannot be applied if renovations are carried out on a property not owned by the taxpayer

A taxpayer sold their main residence and intended to use the proceeds to renovate a property owned by a relative, which they plan to acquire via gift. The DGT ruled that for the renovation to qualify as a reinvestment, the taxpayer must hold full ownership or a partial interest in the property.

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2024-04-04PublishedPublished 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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