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V1818-24 ·19 July 2024 ·consulta-vinculante Medium impact
Tax

Exemption for main residence does not apply without three years of continuous residence

A person over 65 inquires whether contributing their main residence to a limited company is exempt from Personal Income Tax (IRPF). The Directorate General of Taxes (DGT) rules that the exemption is not applicable as the requirement for three years of continuous residence has not been met.

In 6 key points

How it affects those involved

This ruling clarifies that the tax exemption for the contribution of a main residence to a company is strictly conditional on meeting the continuous residence period, preventing taxpayers from claiming relief if they have not resided in the property for the required three years.

Lifecycle

2024-07-19PublishedPublished 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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