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V1551-19 ·25 June 2019 ·consulta-vinculante Medium impact
Tax

Full ownership required for three years to qualify for main residence reinvestment exemption

A taxpayer inquired whether they could apply for the main residence reinvestment exemption after receiving a house as a gift, having lived in it for ten years without being the owner. The Directorate General for Taxes (DGT) ruled that for a property to be considered a main residence, it must have been the taxpayer's effective residence for at least three continuous years since its acquisition.

In 6 key points

How it affects those involved

This ruling clarifies the strict requirements for the reinvestment exemption, emphasizing that mere residence is insufficient; continuous full ownership of the property is a mandatory prerequisite.

Lifecycle

2019-06-25PublishedPublished 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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