Doctrine by topic · DGT Observatory

Reinvestment Amount: 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 9 rulings · 2019–2026

Current position

The exemption requires the reinvestment of the total amount obtained in the acquisition or rehabilitation of a new primary residence within a period of two years (before or after the transfer). If the reinvestment is partial, only the proportional part of the gain is excluded. In the event that debt exists, the amount to be reinvested is calculated by subtracting the outstanding principal to be amortized from the transfer value.

The DGT's position remains constant at the core of the criterion. Clarifications have been added regarding the concept of a primary residence and the possibility of including the rehabilitation of the property as a concept of reinvestment. The methodology for calculating the amount to be reinvested when there is outstanding debt has been systematically reiterated.

Turning points

  1. V2728-23

    Introduces the possibility that the reinvestment may be carried out through the rehabilitation of a new primary residence. Specifies that if the works do not meet the requirements for rehabilitation, only the acquisition amounts are considered reinvested.

Analysis based on 8 of 9 rulings with a stated position. Updated 29 September 2026.

Rulings on this topic

9
V1037-26 7 May 2026

Partial exemption for reinvestment in habitual home property possible

SG de Impuestos sobre la Renta de las Personas Físicas
exención por reinversiónvivienda habitualganancia patrimonialbase imponible del ahorrotransmisión de inmuebles LIRPF — Ley 35/2006 del IRPF art. 38.1LIRPF — Ley 35/2006 del IRPF art. 49
Affects CompanyExpat · Non-residentIndividual
V1860-25 14 Oct 2025

Reinvestment exemption possible for primary residence

SG de Impuestos sobre la Renta de las Personas Físicas
exención por reinversiónvivienda habitualganancia patrimonialresidencia fiscaltransmisión de vivienda LIRPF — Ley 35/2006 del IRPF art. 38RIRPF — RD 439/2007, Reglamento del IRPF art. 41
Affects CompanyExpat · Non-residentIndividual

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