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V1697-20 ·29 May 2020 ·consulta-vinculante Medium impact
Tax

Reinvestment exemption for principal residence applies proportionally if the full amount is not reinvested

The taxpayer asks whether they can apply the reinvestment exemption after selling their principal residence if part of the proceeds is used for a new home and the rest for renovations. The DGT rules that the exemption only covers the proportional part of the capital gain that is actually reinvested in the acquisition or rehabilitation of the new property.

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2020-05-29PublishedPublished 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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