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Form 100. 2020 Personal Income Tax Return Declaration

11.3. Primary residence reinvestment exemption

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

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 primary residence susceptible to reinvestment.
  • Capital gain obtained

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

  • Amount committed to reinvest, after 2020, in the following two years. The amount whose reinvestment is committed to be made within the two years following the transfer of the previous home will be stated.

It will be understood that the reinvestment is carried out within the deadline when the sale has been carried out in installments or with a deferred price, provided that the amount of the installments is used for the purpose indicated within the tax period in which they are received.

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