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V3193-16 ·8 July 2016 ·consulta-vinculante Medium impact
Tax

Home acquisition must be formalised through delivery of the property within two years

A taxpayer sold their primary residence and contributed funds to a housing cooperative for a new home, which is still under construction. The Tax Agency has clarified that to maintain the tax exemption, the legal acquisition (handover of keys, possession, or deed) must take place within two years of the sale.

In 6 key points

How it affects those involved

Taxpayers reinvesting proceeds from the sale of their primary residence must ensure the legal transfer of the new property occurs within the statutory two-year window to qualify for the capital gains exemption.

Lifecycle

2016-07-08PublishedPublished 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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