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V1246-24 ·30 May 2024 ·consulta-vinculante Medium impact
Tax

Exemption for main residence cannot be applied without holding full ownership for three years

A taxpayer inquired whether the exemption for individuals over 65 could be applied when selling an inherited property in 2023, in which they had resided since 2018. The Directorate General for Taxes (DGT) ruled that this is not possible, as the exemption requires having held full ownership of the property for at least three continuous years.

In 6 key points

How it affects those involved

This ruling clarifies the strict ownership requirements for tax exemptions on capital gains related to the sale of a main residence, specifically regarding inherited properties.

Lifecycle

2024-05-30PublishedPublished 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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