Doctrine by topic · DGT Observatory

Fungible Good: DGT doctrinal evolution

How the DGT's position on this topic has evolved, and the rulings it rests on.

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How the DGT's position has evolved

Settled doctrine High confidence 17 rulings · 2020–2026

Current position

The exemption for reinvestment requires that the new primary residence be acquired or rehabilitated within a period of two years prior to or following the transfer of the primary residence. Because money is a fungible good, it is not mandatory that the funds used for the new acquisition be the same ones obtained from the sale of the previous one. The requirement is met if the amount invested is equivalent to the amount obtained from the transfer.

The DGT's position remains constant across all analyzed rulings. The criterion repeatedly establishes that the fungibility of money allows for the specific funds from the sale not to be used for the new purchase, provided that an equivalent amount is reinvested within the legal period.

Analysis based on 17 of 17 rulings with a stated position. Updated 25 September 2026.

Rulings on this topic

17
V0695-26 30 Mar 2026

Reinvestment exemption applicable for habitual home purchase

SG de Impuestos sobre la Renta de las Personas Físicas
exención por reinversiónvivienda habitualganancia patrimonialimporte de transmisiónbien fungible LIRPF — Ley 35/2006 del IRPF art. 38.1RIRPF — RD 439/2007, Reglamento del IRPF art. 41
Affects CompanyExpat · Non-residentIndividual

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