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V2028-22 ·21 September 2022 ·consulta-vinculante Medium impact
Tax

Reinvestment exemption for life annuities must meet the six-month deadline from the date of transfer

A taxpayer over 65 inquired whether the exemption for reinvestment in life annuities could be applied to the portion of the gain corresponding to deferred payments. The Directorate General for Taxes (DGT) ruled that the annuity must be established within six months of the transfer, without making exceptions for deferred payments.

In 5 key points

How it affects those involved

Taxpayers must ensure that the full reinvestment process is completed within the statutory six-month window from the transfer date, regardless of whether the proceeds are received in instalments.

Lifecycle

2022-09-21PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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