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V0896-20 ·16 April 2020 ·consulta-vinculante Medium impact
Tax

The exemption from Personal Income Tax for deed in lieu of foreclosure does not apply if the property is not the primary residence

A taxpayer asks whether they can apply the exemption for deed in lieu of foreclosure for a property that was their primary residence but no longer is. The DGT responds that the exemption only applies if the property transferred constitutes the primary residence of the debtor.

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2020-04-16PublishedPublished 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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