It is established that the transfer of a home generates a capital gain or loss, which will be quantified by the difference between the acquisition value and the transfer value. However, article 33.4.b) of the same law establishes that “all capital gains arising on the transfer of the habitual residence of persons over 65 or… Continue reading Tax Advisor: Analysis of the concept of principal residence for the purpose of the exemption of article 33.4.b) of the Personal Income Tax Act