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V1353-24 7 June 2024 · SG de Impuestos Patrimoniales, Tasas y Precios Públicos Criterion in force
ISD · reducción por vivienda habitual

Two properties can be purchased using the proceeds from the sale of an inherited home with tax relief

The taxpayer asks whether they can sell an inherited property, benefiting from a 95% tax reduction, to purchase two different homes. The DGT rules that acquiring more than one property is permissible, provided the reinvestment requirement is met for at least one of them.

The question raised

Possibility of acquiring two residences with the amount obtained.

The DGT's ruling

To maintain the reduction for the primary residence, the successor must maintain the value for which the reduction was applied in an asset that has the character of a residence. It is possible to acquire two or more residences with the proceeds of the disposal, provided that in at least one of them the requirement of maintaining the value is met. Otherwise, the right to the entirety of the applied reduction would be lost.

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