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V1905-21 18 June 2021 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · exención por reinversión

The exemption for reinvestment cannot be applied if the taxpayer does not hold full ownership of the dwelling

A taxpayer who donated the bare ownership of their primary residence while retaining life usufruct asks whether the reinvestment exemption may be applied. The DGT responds that it cannot, as this benefit requires ownership of the full title to the property.

The question raised

Whether, once the three-year period from its acquisition has elapsed, the exemption for reinvestment in a primary residence would be applicable.

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