Taxes
Argentina — Tax: Capital Gains
Argentina taxes capital gains on shares/investment fund units at 15%, with an exemption for shares issued via IPO or traded on Argentine stock exchanges. Real estate transfer gains were taxed at 15% for property acquired from 2018 onward (via the ITI regime), with an exemption for the taxpayer's primary residence -- but as of January 1, 2026, gains from real estate sales by resident individuals became fully exempt from this tax, a significant policy change.
VerifiedCommunity sourcePwC Worldwide Tax Summaries — Argentina, Individual — Income determination (capital gains)Last reviewed: 2026-08-31
Why this matters
The 2026 exemption of resident individuals' real-estate sale gains is a major, recent change -- content written before 2026 (or generic 'expat guide' content) will likely still describe a 15% ITI-style tax on property sales that no longer applies to residents.
Key facts
- Sale of shares/investment fund units: 15% capital gains tax, with an exemption for IPO-issued or exchange-traded shares under Argentine Securities Exchange Commission jurisdiction.
- Real estate acquired before 2018 is generally still subject to the older Impuesto a la Transferencia de Inmuebles (ITI) transfer tax rather than the capital-gains regime.
- As of January 1, 2026, capital gains from real estate sales by Argentine tax-resident individuals became exempt from tax entirely -- a recent and significant change from the prior 15% regime.
- Non-residents remain subject to a 15% effective capital gains rate, calculated either on a presumed 90% gross margin or on actual gains where documentable.
Steps
- Step 1: Identify the asset type and acquisition date — Shares/fund units, real estate acquired before 2018 (ITI regime), and real estate acquired 2018+ (capital-gains regime, now exempt for residents from 2026) are all treated differently.
- Step 2: Apply the relevant rate and exemption — 15% on share sales (unless exchange-traded/IPO-exempt); real estate sold by resident individuals is exempt as of 2026; non-residents still generally face a 15% effective rate on property and share gains.
Costs
- Tax preparation: varies
Timelines
- Understand tax regulations: unclear, as it depends on individual circumstances and the complexity of the tax situation
Required documents
- Identification documents / CUIT
- Proof of residence status
- Purchase and sale documentation for the asset (deed, brokerage statements)
Common mistakes
- Assuming real estate sales by residents are still taxed at 15% -- this was exempted for residents starting January 1, 2026.
- Overlooking the primary-residence and exchange-traded-share exemptions.
- Not distinguishing between pre-2018 real estate (older ITI regime) and post-2018 acquisitions.