Property taxes in Uruguay

Lawyer Mark Teuten goes taxes to pay at the time of buying real estate and then taxes paid annually.
By Mark Teuten
Downtown Montevideo by Jimmy Baikovicius
Last updated on December 12, 2018
Advertisements
The tax regime on properties in Uruguay at the time of writing is as follows. It’s worth noting that the rateable value of the property is usually much less than the real value.

What taxes are applicable on a transfer of property?

The tax regime on properties in Uruguay at the time of writing is as follows. It’s worth noting that the rateable value of the property is usually much less than the real value.

Asset Transfer Tax

In Spanish is Impuesto a las Transmisiones Patrimoniales (ITP)

This tax is payable at the time of purchase and also on any later sale, whoever the purchasing or selling party is. The rate of tax is 2% of the rateable value of the property. Remember the rates are normally considerably less than the real value.

Income Tax on Physical Persons or Income Tax on Non-Residents

Impuesto a la Renta de las Personas Físicas (IRPF) or Impuesto a la Renta de No Residentes (IRNR)

This tax is only payable by physical persons on the sale of the property and is the equivalent of a capital gains tax. It is payable at the rate of 12% on the difference between the original purchase price and the sale price. It is adjusted to take inflation into account.

Wealth Tax

Impuesto al Patrimonio 

This tax is paid annually as follows:

  • by physical persons–residents or not–whose assets in Uruguay are over apx 130,000 USD. The tax is paid annually on a sliding scale starting at 0.7% and topping 2.8%, based in the case of physical persons on the rateable value of the property. A person’s principal residence is valued at 50% of its rateable value for the calculation of this tax, or
  • by legal persons at the rate of 1.5% of the purchase value of the property (the price is adjusted for inflation).

Primary Education Tax

Impuesto de Enseñanza Primaria

This is a minor tax payable annually at a rate of between 0.15% and 0.30% of the rateable value of the property.

Rates or annual property taxes

Contribución Inmobiliaria 

An annual tax payable to the local government at a rate of between 0.25% to 1.40% on the rateable value of the property.

Read more about buying a property in Uruguay

Mark Teuten is a British lawyer based in Montevideo since the 1990s. He has law degrees from both the UK and Uruguay. He can help you with your residency applications, setting up a registered company and other legal matters. Guru’Guay has recommended him to our readers who have praised his trustworthiness, clarity, prompt communication even over great distances and careful advice regarding courses of action.

Advertisements

Latest

Popular

8 Responses

  1. Buenos dias, por favor me informan si se gravan y con que porcentaje las ganancias obtenidas por personas físicas residentes en Uruguay, originadas en depósitos, plusvalias inversiones financieras, colocaciones e inversiones (apartamentos) en el exterior ? Yo soy italiano (vendre’ a vivir con mi esposa residentes legales y fiscales en Uruguay).

    Muchas gracias.

    1. Hola Mark,
      Las ganancias sobre bienes en el exterior no estan gravados en Uruguay, con la excepcion de ingresos derivados de “instrumentos monetarios” (Intereses, dividendos etc) que se paga una tasa de 12%, con credito por cualquier impuesto ya pagado en el pais de origen. Igualmente este impuesto no se cobra a nuevos residentes durante un plazo de 10 años.

  2. Hola quisiera consultarle. Invirtiendo en un inmueble cuyo valor catastral sea de por ej 200mil dólares. Cuanto sería aproximadamente el gasto anual total de todos los impuestos y quien los abona según los usos y costumbres de Uruguay( propietario o inquilino). Soy no residente y quisiera invertir en Montevideo para obtener una renta por alquiler. Desde ya muchas gracias. Saludos

    1. Hola Hector. Es muy dificil contestar tu pregunta salvo en terminos muy aproximados. Pero para un valor catastral de U$S200K diria unos U$S2000 por año entre Contribucion Inmobiliaria, Impuesto a la Educacion Primaria y Tributos Domiciliarios. Lo normal es que el dueño paga la Contribucion y Primaria y el inquilino los Tributos Domiciliarios (que normalmente son poco dinero).
      Si tiene el numero de padron del inmueble de interes es muy facil obtener los datos exactos.

  3. boa noite,

    saberias me informar se este imposto anual de educação primaria esta incluido no imposto geral municipal ou na contribuiçãao imobiliaria ou paga-se em separado?

    muito obrigada

Leave a Reply

Your email address will not be published. Required fields are marked *

Related articles

Copy link
Powered by Social Snap