Skip to content
V2315-20 ·7 July 2020 ·consulta-vinculante Medium impact
Tax

Two-year deadline for main residence reinvestment exemption suspended due to COVID-19

A taxpayer inquired whether they could apply for the exemption for reinvesting capital gains from their main residence after selling it in 2018 and signing a deposit agreement (arras) in 2020. The Directorate General for Taxes (DGT) clarified that the two-year period was temporarily suspended due to the health crisis and that the acquisition must be legally completed, meaning a deposit agreement alone is insufficient.

In 6 key points

How it affects those involved

This ruling clarifies the extension of statutory deadlines during the pandemic and reinforces the requirement for formal legal acquisition to qualify for tax exemptions.

Lifecycle

2020-07-07PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact