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V1201-22 ·27 May 2022 ·consulta-vinculante Medium impact
Tax

Donation of main residence by individuals over 65 may be exempt from Personal Income Tax

A query was raised regarding whether the capital gain arising from the donation of a grandparent's main residence to a grandchild is exempt from Personal Income Tax (IRPF). The Directorate General for Taxes (DGT) ruled that if the donor is over 65 years of age and the property is their main residence, the gain is exempt.

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2022-05-27PublishedPublished 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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