01 LAS ARTES
Maldonado esq. Florida, Barrio Sur, Montevideo, Uruguay
Completed · Vivienda Promovida
The project
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.
Location
Maldonado esq. Florida, Barrio Sur, Montevideo, Uruguay
Coordinates: -34.9119613, -56.1912761
Vivienda Promovida
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.
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.
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.
Other developments in Montevideo
Prices, areas and availability are indicative and subject to change without notice. Images and floor plans are illustrative and may differ from the finished building. This information is not an offer, a sale commitment, or financial or tax advice.