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V1634-21 ·28 May 2021 ·consulta-vinculante Medium impact
Tax

Exemption for reinvestment in main residence may be applied by reducing the price by the outstanding mortgage debt

The inquirer asks what amount must be reinvested to apply the exemption for reinvestment in their main residence if there was an outstanding mortgage. The DGT responds that the total amount obtained for this calculation is the sale price minus the principal of the loan remaining to be amortised.

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2021-05-28PublishedPublished 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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