Reinvestment exemption

Exemption for reinvestment in primary residence

When the capital gain derives from the transfer of the habitual residence and the exemption for reinvestment is applicable to it (totally or partially), the data in this section must be completed.

The program will calculate the capital gain obtained and the exempt amount, and will transfer the data to the corresponding section.

• Reinvested amount:

  • Amount reinvested until December 31, 2021, considering the entire acquisition value of the new home, regardless of whether the amount has been paid or financed.

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

  • Amount committed to reinvest, after 2021, 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 amortization:

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

Exemption from capital gains for reinvestment in life annuities for people over 65 years of age

If the capital gain derived from the transfer of assets by taxpayers over 65 years of age is exempt by reinvesting the amount obtained from the transfer in the creation of an insured life annuity in their favor, under the conditions and time periods set out in the regulation, the requested data will be reflected in the capture sale.

Exemption from capital gains on the transfer of shares or interests for which the deduction for investment in newly created or recently created companies was applied for reinvestment in newly created companies

If you have selected Key 3 as Type of asset and the capital gain derived from the transfer of shares or interests for which the deduction for investment in newly or recently created companies has been applied is exempt by reinvesting the amount obtained from the acquisition of shares or interests in another newly or recently created entity that meets certain requirements and conditions, you must record the amount invested in the fiscal year and the amount committed to reinvest in the following year.