Requirements for classifying habitual residence and calculation of three-year period

The taxpayer asks whether their property purchased in July 2021 qualifies as habitual residence to claim the reinvestment exemption. The tax authority responds that if the property is occupied within the first twelve months after purchase, the three-year period for habitual residence begins from the date of acquisition.

Property acquired and occupied within the first year qualifies as habitual residence, triggering the reinvestment exemption and starting the three-year period from acquisition.