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V1894-18 27 June 2018 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · exención por reinversión

Reinvestment exemption applies proportionally to ownership share in new property

A taxpayer inquired whether the reinvestment exemption could be applied to the total capital gain from the sale of their primary residence, given that they purchased a new property jointly with their spouse. The Directorate General for Taxes (DGT) ruled that the exemption only applies to the proportional share corresponding to their percentage of ownership in the new property.

The question raised

Whether the exemption for reinvestment can be applied to the entirety of the capital gain obtained from the sale of one's primary residence.

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