Property Transfer Tax - Real Estate Uruguay

Property Transfer Tax (ITP)

Taxes on Property Purchase

The property transfer tax in Uruguay is called ITP (Impuesto a las Transmisiones Patrimoniales). It amounts to a total of 4% of the purchase price and is split between buyer and seller.

                ITP Distribution:

                Buyer: 2% | Seller: 2% | Base: Purchase price or cadastral value
                (higher value applies)
            

The tax is withheld by the Escribano and remitted to the DGI. Additionally, notary costs and land registry fees apply (total approx. 6-8% transaction costs).