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V3256-20 30 October 2020 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · exención por reinversión

Reinvestment exemption for main residence requires legal acquisition within two years

The taxpayer asks whether they can apply the exemption for reinvesting gains from their main residence to fund the construction of a new one. The DGT rules that the legal acquisition of the new property must take place within the two-year period preceding or following the sale of the previous one.

The question raised

Whether the exemption provided for in Article 38 of the Personal Income Tax Law (LIRPF) is applicable. The period available for reinvestment.

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