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V2457-22 30 November 2022 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · exención por reinversión

Reinvestment exemption applicable if new property becomes primary residence within two years of sale

A taxpayer inquired whether the reinvestment exemption could be applied after selling their primary residence and purchasing another property that is not intended to be their primary residence immediately. The Directorate General for Taxes (DGT) ruled that the exemption is available provided the new property becomes the primary residence within two years of the sale.

The question raised

Whether, in the event of acquiring a new primary residence, the exemption for reinvestment may be applied to the capital gain obtained from the sale of one's primary residence.

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