01 LAS ARTES
Maldonado esq. Florida, Barrio Sur, Montevideo, Uruguay
Sold out development
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01
At the corner of Maldonado and Florida streets, 01 Las Artes comprises a basement, a ground floor with parking spaces, and 10 upper floors with a total of 67 units. The building is arranged around a central courtyard and includes shared amenities.
Amenities
03
Vivienda Promovida
Law 18.795
I
No transfer tax on the first purchase
The first sale of a home under the regime is exempt from the property transfer tax (ITP) for the buyer, provided it happens within the deadlines set by the law.
II
Rental income exempt from income tax
Income from renting the home is exempt from personal income tax (IRPF, or corporate IRAE depending on the taxpayer) for ten years.
III
Net wealth tax exemption
The property is exempt from the net wealth tax for the term set by the regime.
The benefits come from Uruguay’s Law 18,795 and its regulations, and conditions apply: they depend on the project, on how long ago construction was completed and on each buyer’s situation. Confirm them with your notary before signing.
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