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V0887-19 ·24 April 2019 ·consulta-vinculante Medium impact
Tax

Reinvestment exemption for main residence applies even if the new property was purchased beforehand

A taxpayer purchased a new property using savings before selling their main residence. The Tax Agency has ruled that the exemption applies provided the amount reinvested in the new property is equivalent to the proceeds from the sale, regardless of the fungibility of the funds.

In 6 key points

How it affects those involved

This ruling clarifies that the timing of the purchase does not disqualify a taxpayer from the reinvestment exemption, as long as the total amount reinvested matches the sale proceeds.

Lifecycle

2019-04-24PublishedPublished 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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