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V2339-19 ·10 September 2019 ·consulta-vinculante Medium impact
Tax

Main residence exemption for those over 65 applies to buildings and jointly acquired elements

A taxpayer over the age of 65 inquired whether the sale of several rural properties acquired in a single transaction could be exempt. The DGT ruled that the exemption only applies to the proportional part of the capital gain corresponding to the building and the elements acquired jointly with it.

In 5 key points

How it affects those involved

This ruling clarifies that the tax exemption for the sale of a main residence does not extend to the entirety of rural land if acquired alongside a building, but is limited to the proportional value of the structure and its associated elements.

Lifecycle

2019-09-10PublishedPublished 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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