FARMLAND IN URUGUAY

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Types of land in Uruguay:

  • Farming (soybeans, wheat, rice, dairy farms)
  • Cattle ranches
  • Forestry
  • Vineyards / olives / blueberries
  • Oceanside ranches

    • Productivity according to type of land

  • The CONEAT index system

  • With land unit number, system shows:
    a) detailed map
    b) types of soil in different colors
    c) productivity index of each type of soil

    • The eastern seashore market

  • Rural land that has higher value due to proximity to Punta del Este / Rocha / Colonia areas
  • Value: USD 10,000+ upwards per hectare
  • Opportunities to subdivide and sell by sq. meter

    • Taxes in farming

    Farming has favorable tax treatment in Uruguay:

  • - Income tax:
    • Flat 25% income tax rate (effective rate can be 10-20% according to deductions)
    For small farms, rate is lower: farms with income below USD 205,000 per year have a capped tax amount of USD 5,125

  • - No asset tax, even if held by a corporate vehicle
  • - Low property taxes: avg. 0.2% or less
  • - No V.A.T. or sales tax on most supplies and machinery
  • - No V.A.T. or sales tax on sale of farm products (except 1% municipal sales tax on sale of livestock)