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V2231-24 15 October 2024 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · exención por reinversión

Reinvestment exemption applicable if new home is acquired up to two years before selling the old one

The inquirer asks from which date the two-year period for the primary residence reinvestment exemption begins, as they intend to build their new home before selling their current one. The DGT responds that reinvestment can take place within the two-year period preceding or following the date of the transfer of the primary residence.

The question raised

1st For the purposes of applying the exemption for reinvestment in a primary residence, from which date does the two-year period commence in order to carry out the reinvestment.

The DGT's ruling

To qualify for the exemption, the reinvestment must be carried out within a period not exceeding two years from the date of the transfer of the primary residence, and this period may be prior or subsequent to the disposal. In cases of self-promotion, the date of acquisition of the new residence is the date of completion of the works. Any amount paid for the land shall not be considered a reinvested amount if its acquisition occurred outside the period of two years prior to the transfer of the preceding residence.

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