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Practical Income Manual 2021.

Requirements and conditions for the application of the exemption

The application of the exemption does not operate automatically, but the taxpayer himself must express his willingness to take advantage of it and is conditional on both the transferred home and the acquired one or, where appropriate, the rehabilitated one being considered a habitual residence. , as well as that the reinvestment is carried out within the terms and conditions indicated in the following sections:

  1. Principal Residence item
  2. Other requirements and conditions for the application of the exemption