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V3272-20 ·4 November 2020 ·consulta-vinculante Medium impact
Tax

Reinvestment exemption applies if proceeds from sale of main residence replace savings used to purchase a new home

The taxpayer asks whether the exemption for reinvestment in a main residence can be applied if the new home was already purchased using savings prior to the sale of the old one. The DGT rules that this is possible, as money is fungible and regulations allow the exemption if the sale proceeds are used to replace the funds invested in the new property within a two-year period.

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2020-11-04PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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