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V2992-19 ·28 October 2019 ·consulta-vinculante Medium impact
Tax

Exemption for donation of main residence may apply if transfer occurs within two years of moving into a care home

A taxpayer has enquired whether the donation of their mother's property, who is over 65 and living in a care home, is exempt from Personal Income Tax (IRPF). The Directorate General of Taxes (DGT) clarifies that the exemption applies if the property served as the taxpayer's main residence during the two years prior to the transfer.

In 6 key points

How it affects those involved

This ruling clarifies the criteria for tax exemptions regarding the transfer of a main residence for elderly individuals who have moved into assisted living or care facilities.

Lifecycle

2019-10-28PublishedPublished 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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