Legal post 397. Tax exemption for the sale of habitual dwelling
Monday, November 22, 2010 @ 1:17 PM
An answer to a EOS member today:
Dear Anne:
Your answer:
You need to be a resident.
Capitals gain on the sale of habitual residency are exempt for:
- people older than 65 years old
- people under serious dependency
in cases where the house is sold for money or in exchange of a temporary or permanent monthly payment or pension.
House needs to have been the habitual dwelling for the last two years before the transmission.
Best regards,
Maria
Jerez Horse Fair by Dominic´s pics at Flickr.com