11.3. Exemption from reinvestment in habitual residence

When the capital gain comes from the sale of the habitual residence and the amount obtained from the transfer is fully or partially reinvested in the acquisition of another habitual residence, the amount reinvested or to be reinvested must be reflected, provided that the conditions established by regulation to exempt the gain derived from the sale from taxation are met.

The program will calculate the capital gain with the data entered in boxes 1624 and following on page 16 of the declaration.

• Total amount obtained from the sale of the habitual residence eligible for reinvestment.
• Capital gain obtained

• Reinvested amount. The reinvestment must be made, in one go or successively, over a period of no more than two years.

  Amount reinvested until 31-12-2019. The amount reinvested during 2019 in the acquisition of a new primary residence will be reflected. The reinvestment must be made, in one go or successively, over a period of no more than two years.

          Amount committed to reinvest, after 2019, in the following two years. The amount that the applicant agrees to reinvest in the two years following the transfer of the previous property will be recorded.

         The reinvestment will be deemed to be carried out within the term when the sale was made in installments or with a deferred price, provided that the amount of the installments is used for the indicated purpose within the tax period in which they are received.

• Loan for the acquisition of the transferred home pending repayment. If the taxpayer used external financing to acquire the transferred property, the principal of the loan that is pending amortization at the time of the transfer will be indicated in this box .