Capital Gains Tax (Effective) in Uruguay compared to Latin America

Uruguay: Capital gains taxes (%).

In arriving at effective capital gains tax rates, the Global Property Guide makes the following assumptions:

• The property is directly and jointly owned by husband and wife;
• They have owned it for 10 years;
• It is their only source of capital gains in the country
• It has appreciated in value by 100% over the 10 years to sale
• The property was worth US$250,000 or 250,000 at purchase.
• It is not their sole or principal residence.

These assumptions are critical. In many countries a holding period of less than 5 years results in capital gains being taxable. But a longer holding period often results in no capital gains tax being payable. For more details see the Data FAQ

Source: Global Property Guide Research, Contributing Accounting Firms

The best source for Uruguay house price statistics is the Instituto Nacional de Estadistica (INE). Reporte Inmobiliario, a private entity, also publishes reports on the Uruguay property market, occasionally.

General economics statistics are also to be found at the Instituto Nacional de Estadistica, and the Banco Central del Uruguay.