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Capital gains tax in Uruguay 2026
Capital gains pay a flat 12% — no bands, no holding periods. From 2026 that includes most directly held foreign gains, a major broadening; before that only Uruguay-located assets were caught.
Small investors get a clean exemption: disposals up to 30,000 indexed units per transaction and 90,000 a year are tax-free.
At a glance
- top rate
- 12% flat
- entry band
- 0% under 30,000 indexed units per deal (90,000/year)
- tax year basis
- Calendar year
- filing deadline
- June-August return where not withheld
- residency basis
- Uruguayan-source gains plus, from 2026, most foreign gains (12%)
- regime flag
- Home sale exempt under conditions
Rates
Capital gains by situation (2026)
| Rate | Base | Applies to |
|---|---|---|
| 12% | Net gain | Sales of Uruguayan real estate, shares and other assets |
| 0% | — | The seller's own home (conditions apply); government bonds; qualifying listed securities issued by public offer |
| 0% | — | Transactions up to 30,000 indexed units, capped at 90,000 units of such deals per year |
| 12% (from 2026) | — | Directly held foreign-asset gains of residents — taxed at 12% from 2026 (Law 20.446) with listed exceptions and a foreign-tax credit; foreign-entity structures attributed to 5%+ owners |
| 12% | Net gain | Non-residents on Uruguayan assets, withheld at source |
Thresholds & allowances
- Family-restructuring reliefExempt share transfers
Transfers into wholly owned resident entities are exempt with 4-year holding and beneficial-ownership conditions
Residency
Residency trigger
The 12% attaches to assets located in Uruguay and, from 2026, to most foreign assets as well; capital losses offset capital gains and carry forward 2 years.
Non-resident treatment
Non-residents pay the same 12% through withholding; from 2026, selling a foreign entity that mainly holds Uruguayan assets (over 50% of value, or large stakes above 31.5 million indexed units) is treated as a Uruguayan-source gain.
Notes
- Property deals also carry the separate transfer tax — 2% from each side on sales — on the lower of cadastral value or price.
- Currency-fluctuation and indexation gains are expressly exempt, a meaningful carve-out in an inflation-indexed economy.
- Rental income shares the flat 12% with deductions for management fees, property taxes and the schooling tax; small residential rents under 40 benefit-base units can be exempt.
- There is no rollover relief — each disposal stands alone.
FAQ
What is Uruguay's capital gains tax rate?
A flat 12% on Uruguayan-source gains — with your own home, government bonds and small disposals (up to 30,000 indexed units per deal) exempt.
Does Uruguay tax foreign capital gains?
From 1 January 2026, generally yes — the budget law (Law 20.446) taxes residents' foreign capital gains at 12%, with exceptions and a foreign-tax credit; the 11-year new-resident holiday shelters them. Before 2026, directly held foreign gains were outside the net.
Figures: tax year 2026, compiled from public sources. Not tax advice.