Reinvestment exemption not applicable if sold property was not habitual in the two years prior
Technical details
Summary
The consultant asks whether the reinvestment exemption can be applied to selling a property that was their primary residence until 2008 and purchasing a new one in 2025. The DGT responds that this is not possible because the sold property did not meet the requirement of being a habitual residence at the time of sale or in the two years preceding it.