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V0711-22 ·1 April 2022 ·consulta-vinculante Medium impact
Tax

Reinvestment exemption for construction may apply if investment and completion deadlines are met

A taxpayer has enquired whether the exemption for reinvesting proceeds from the sale of a primary residence can be applied when investing the amount into the construction of a new home. The Directorate General for Taxes (DGT) clarifies that the two-year reinvestment period must be observed and that the construction work must be completed within a maximum of four years from the start of the investment.

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2022-04-01PublishedPublished 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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