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V1376-18 ·24 May 2018 ·consulta-vinculante Medium impact
Tax

Reinvestment of sale proceeds required for main residence tax exemption

The taxpayer inquired about the specific amount required for reinvestment to qualify for the exemption, whether funds could be used for renovations, and the consequences of failing to meet the two-year deadline. The DGT clarified that the full transfer value must be reinvested and that renovation costs are not covered by the exemption.

In 6 key points

How it affects those involved

This ruling clarifies the strict requirements for capital gains tax exemptions related to the sale and reinvestment of a primary residence, specifically limiting the scope of eligible expenses.

Lifecycle

2018-05-24PublishedPublished 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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