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V1353-24 ·7 June 2024 ·consulta-vinculante Medium impact
Tax

Two properties can be purchased using the proceeds from the sale of an inherited home with tax relief

The taxpayer asks whether they can sell an inherited property, benefiting from a 95% tax reduction, to purchase two different homes. The DGT rules that acquiring more than one property is permissible, provided the reinvestment requirement is met for at least one of them.

In 6 key points

How it affects those involved

This ruling clarifies that the reinvestment of proceeds from the sale of a primary residence (inherited) can be split across multiple new properties, as long as the total amount is reinvested into at least one of the new homes to maintain the tax relief.

Lifecycle

2024-06-07PublishedPublished 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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