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It detailed new rules on exemption from Income Tax on capital gains obtained from the sale of properties. The measure clarifies in which situations the taxpayer may stop paying the tax, as long as it meets the criteria set out in the legislation.
Among the main points is the possibility of exemption when the value from the sale of a residential property is used to purchase another property within the established period. There are also cases in which tax is not charged on lower value transactions, according to limits defined by current regulations.
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Furthermore, the benefit is not granted automatically. The taxpayer must correctly declare the operation in Income Tax, providing all required data, to avoid pending issues or tax questions.
The rules also vary depending on the situation, including factors such as type of property, period between transactions and purpose of the sale. Therefore, it is necessary to pay attention to the specific conditions to guarantee the right to exemption.
Full guidance and detailed criteria are available at Official Gazette of the Unionwhich brings together official publications on the topic.
