Skip to content
Back to index
V0548-20 6 March 2020 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · exención por reinversión

Reinvestment exemption for garage space gains may apply if treated as primary residence

A taxpayer inquired whether the sale of a garage space could qualify for the primary residence reinvestment exemption. The DGT ruled that this is possible if the space was acquired alongside the residence in the same transaction, is located within the same building, and maintains its character as part of the primary residence.

The question raised

Application of the reinvestment exemption for the primary residence to the gain obtained from the sale of the parking space.

The DGT's ruling

The gain from the transfer of a parking space may qualify for the reinvestment exemption if it is assimilated to the primary residence. To this end, the parking space must be located in the same building or real estate complex as the residence and its acquisition must have occurred in the same transaction as that of the residence. Furthermore, the parking space must maintain the status of primary residence at the time of the transfer or during the two preceding years.

Book your free first meeting