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Official: These are the taxes that are exempt on property purchases under the Labor Reform - La Nacion Propiedades
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Oficial: estos son los impuestos que quedan exentos en la compra de propiedades con la Reforma Laboral
Aunque su eje central es el laboral, el artículo 192 incorpora dos reformas que eliminan impuestos al mercado inmobiliario
www.lanacion.com.ar
April 10, 2026
Although its central focus is labor, article 192 incorporates two reforms that eliminate taxes on the real estate market.
By Manuela Viñales
Article 192 incorporates two tax reforms related to the real estate marketDaniel Basualdo
Just over a month ago, the Labor Modernization Law was published in the Official Gazette, and in this way its measures became effective.
Although its central focus is labor, article 192 incorporates two tax reforms related to the real estate market : the exemption from Income Tax for both those who have a property for rent intended as a residence (housing) and for individuals who sell a property .
The effect of these reforms is from January 1, 2026. "So, the benefit is retroactive ," says tax expert Sebastián Domínguez, head of the firm SDC Asesores Tributarios.
Although the measures result in a loss of government revenue, Domínguez explains that this loss “is small and doesn't significantly impact the economy.” However, with the exemption, they hope to “ ease the tax burden for citizens ” and eliminate levies considered to have “ low revenue collection efficiency and high administrative costs ,” in line with the government's policy of tax reduction.
The exemption aims to "alleviate the tax burden for citizens" and eliminate levies considered to have "low revenue-generating efficiency".Daniel Basualdo
In this regard, the professional makes a clarification worth highlighting: the exemptions can be repealed . If the current government wins reelection, it is assumed they will continue along the same path; however, if there is a political change, these measures could be affected. " It's important to keep this in mind, because although the benefit is currently in place, it could change in the future ," he summarizes.
What are the reforms that benefit the real estate market?
In the sale
In the case of real estate transactions, previously, an individual—not a regular real estate broker—who acquired a property on or after January 1, 2018, and then sold it, was subject to a 15% capital gains tax if they made a profit on that sale, explains Domínguez. Currently, occasional sales are exempt from this tax.However, individuals who buy and sell real estate and whose business is real estate, instead of being subject to the separate property tax , must pay income tax at a rate of 5% to 35% . In this case, the taxes they must pay are not modified since they are considered regular business owners. The same applies to corporations, where real estate transactions were already taxed and continue to be so.
Currently, if a person makes sales occasionally, they will be exempt from the tax.Daniel Basualdo
For rent
Regarding rental income from residential properties, which was previously subject to income tax, the new law grants a retroactive tax exemption, effective January 1, 2026, for individuals. This also applies to corporations for fiscal years beginning on or after that date.Unlike sales, it doesn't matter whether the person is a regular tenant or not: "The exemption for rentals applies to everyone, whether it's someone who owns 15 properties and rents them out as housing or someone who rents out just one for that purpose ," Domínguez adds. In other words, there are no restrictions on the type of person—individuals, undivided estates, or legal entities—nor on the number of properties owned.
One question that arises upon learning of these measures is whether tenants benefit from this situation. In this context, Domínguez explains three scenarios:
- If there is more supply of properties intended for residential use, it can lead to a decrease in rental prices.
- If the supply remains unchanged, the tax reduction is unlikely to be passed on to the rental price. In this case, the benefit will accrue solely to the landlord, who will be able to enjoy higher returns.
- If there is a lot of investment and property prices increase - due to higher demand - since rent is a return on investment, rents may rise and remain high; in this way, tenants will not see lower rental prices.
Unlike with buying and selling, in renting it doesn't matter if the person is a regular tenant or not: the exemption applies to everyone.Daniel Basualdo
This measure differs from Law 27,737—enacted at the end of October 2023—which exempted those with a single rental income and up to two properties from the simplified tax regime (Monotributo). That law also stipulates that, to qualify for the tax benefits, rental income must be the only activity declared under the Monotributo regime.
What effects does this have on the real estate market?
The repercussions of the recent measures are favorable. Among them is a significant increase in net profit for landlords who rent out their properties . This premise is supported by a report from the Argentine Institute of Fiscal Analysis, which investigates the increase in rental profitability if the tax exemption is approved. In numerical terms, they explain that a person paying a 35% tax rate would see a 60% increase in profitability, and someone paying 13%, a 17% increase.
Among the positive repercussions is a significant increase in net profit for landlords who rent out their homes.Freepik
The variation in the tax rate is explained by the scale: it is not a fixed percentage, but there is a progressive tax rate from 5% to 35% applied to the net profit and according to the amount.
Although those who own rental properties already benefit from the exemption, a month after the law's enactment, the tax expert has not observed a widespread movement of people seeking to purchase properties to take advantage of the benefit. Instead, investors are adding other variables to the equation, such as the economic situation and real estate market trends.
“ For those looking to invest in real estate, this presents a good opportunity to buy . Prices haven't risen, and the tax exemption benefit can be utilized,” the specialist summarizes, concluding that if the government is re-elected, and Argentina is doing well, property prices should increase. This way, when the buyer decides to sell, they will benefit from the capital gain.
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