Doctrine by topic · DGT Observatory

Reinvestment Period: 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 54 rulings · 2019–2026

Current position

For the exemption due to reinvestment in construction, the entire amount obtained from the sale must be applied within a period of two years (either before or after the transfer). Additionally, the construction must be completed within a maximum period of four years from the start of the investment, except for extensions due to exceptional circumstances. The calculation of this second period begins from the first payment made.

The DGT's position remains stable regarding the two-year period for reinvestment. Clarifications regarding the suspension of periods due to the COVID-19 situation have been integrated, and the double condition for construction has been consolidated, which requires the works to be completed within a maximum of four years from the start of the investment.

Turning points

  1. V2837-20

    Introduces the suspension of the calculation of the two-year period due to the COVID-19 situation, from March 14 to May 30, 2020.

  2. V1935-22

    Establishes the double condition for construction: reinvest within two years and complete the works within a period not exceeding four years from the start of the investment.

Analysis based on 53 of 54 rulings with a stated position. Updated 18 September 2026.

Rulings on this topic

24
V1335-26 1 Jun 2026

Reinvestment exemption for construction property: two- and four-year deadlines

SG de Impuestos sobre la Renta de las Personas Físicas
exención por reinversiónvivienda habitualganancia patrimonialvivienda en construccióntransmisión de vivienda LIRPF — Ley 35/2006 del IRPF art. 38RIRPF — RD 439/2007, Reglamento del IRPF art. 41
Affects CompanyExpat · Non-residentIndividual
V1327-26 29 May 2026

Reinvestment exemption available for home construction if timelines met

SG de Impuestos sobre la Renta de las Personas Físicas
exención por reinversiónvivienda habitualganancia patrimonialconstrucción de viviendaplazo de reinversión LIRPF — Ley 35/2006 del IRPF art. 38RIRPF — RD 439/2007, Reglamento del IRPF art. 41
Affects CompanyExpat · Non-residentIndividual
V1236-26 22 May 2026

Payments for reinvestment in construction must be made within two years of sale

SG de Impuestos sobre la Renta de las Personas Físicas
exención por reinversiónvivienda habitualganancia patrimonialconstrucción de viviendaplazo de reinversión LIRPF — Ley 35/2006 del IRPF art. 38LIRPF — Ley 35/2006 del IRPF art. disposición transitoria 18ª
Affects CompanyExpat · Non-residentIndividual
V1164-26 20 May 2026

Requirements for reinvestment exemption when building a new habitual home

SG de Impuestos sobre la Renta de las Personas Físicas
exención por reinversiónvivienda habitualganancia patrimonialautopromocióntransmisión de vivienda LIRPF — Ley 35/2006 del IRPF art. 38RIRPF — RD 439/2007, Reglamento del IRPF art. 41
Affects CompanyExpat · Non-residentIndividual
V0083-26 20 Jan 2026

Reinvestment exemption applicable if home ceased to be habitual residence

SG de Impuestos sobre la Renta de las Personas Físicas
exención por reinversiónvivienda habitualganancia patrimonialtransmisión de viviendaplazo de reinversión LIRPF — Ley 35/2006 del IRPF art. 38.1RIRPF — RD 439/2007, Reglamento del IRPF art. 41
Affects CompanyExpat · Non-residentIndividual
V2633-24 20 Dec 2024

Requirements for the reinvestment exemption when building a new primary residence

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

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