Regulations: Art. 38.3 and Additional Provision ninth Law Personal Income Tax ; art. 42 Regulation Personal Income Tax
capital gains that become evident on the occasion of the transfer of assets by taxpayers over 65 years of age are exempt from taxation ##1##, provided that the total amount obtained by the transmission is intended to constitute an insured annuity in your favor.
Keep in mind that the exemption for reinvestment in annuities is also applicable to capital gains derived from the transfer of assets used for economic activities, as well as to those obtained through entities attributing income when the member of the entity performs the reinvestment meeting the required requirements.