There are no inheritance or gifts taxes in Uruguay.
Tax on Transfer of Property
(impuesto a las transmisiones patrimoniales, ITP)
However, transfers of immovable properties are subject to tax on transfer of property. The tax base is the cadastral value of the property as adjusted for inflation in accordance with the changes in the consumer price index.
The tax rates vary depending on the kind of transfer involved. For transfer of properties to heirs (ascendants and descendants), the rate is 3%. For gratuitous transfers, the rate is 4%.