Argentina Guía de Ganancias de Capital 2026

Capital Gains on Real Property (5–15% Sliding Scale)

Gains from the sale of real estate (immuebles) by individuals are taxed based on a sliding scale that depends on the holding period:

• Held for less than 2 years: 15% of the gain
• Held for 2–5 years: 10% of the gain
• Held for more than 5 years: 5% of the gain

The gain is calculated as the difference between the sale price and the inflation-adjusted acquisition cost (costo de adquisición actualizado por inflación). The tax inflation adjustment is critical in a high-inflation environment like Argentina's.

Exemption: The sale of a primary residence (casa habitación) meeting certain conditions may be exempt from capital gains tax, provided the proceeds are reinvested in another primary residence within a specified period.

Capital Gains on Shares and Bonds (15%)

• Shares (acciones): Capital gains from the sale of Argentine or foreign shares are generally taxed at 15% on the net gain.
• Corporate bonds and debentures: Gains on the sale of bonds, debentures, and other debt securities are taxed at 15%.
• Government bonds: Gains from trading Argentine sovereign bonds (Bonares, Globales, Lecaps) may be subject to 15% CGT, but certain government securities (e.g., those used for capital market development) may benefit from exemptions or reduced rates.
• Withholding: When shares or bonds are sold through a regulated stock exchange (Bolsa de Comercio, MAE), the gain is often subject to withholding at source by the broker/clearing house, which is creditable against the annual tax liability.

Exemptions for Stock Exchange Gains

• Historically, Argentina has treated stock exchange gains favorably. Under current rules, individuals may benefit from an exemption on capital gains from the sale of shares (acciones) up to a certain cumulated monthly amount.
• For 2026, the monthly exemption threshold for stock exchange gains is approximately ARS 200,000–500,000 (indexed quarterly). Gains below this threshold in a given month are exempt. Gains exceeding this threshold are taxed at the 15% rate on the excess portion.
• This exemption only applies to sales made through regulated stock exchanges (by operatoras registradas).
• The treatment of over-the-counter (OTC) sales differs and is generally fully taxable.

Cryptocurrency Capital Gains

• Cryptocurrency gains are treated as capital gains (or as income from a personal activity, depending on frequency and volume).
• Gains from the sale of cryptocurrencies are generally subject to the standard capital gains tax regime of 15% on the net gain, if held as an investment.
• If cryptocurrency trading is conducted as a regular business activity (frecuencia y habitualidad), the gains may be reclassified as ordinary business income subject to the progressive IIT rates (5–35%).
• Exchanges and transfers between different cryptocurrencies are taxable events in Argentina (triggering a capital gain at each step).

Calculation of Gain and Inflation Adjustment

• The taxable gain is the difference between the sale price and the adjusted acquisition cost.
• The acquisition cost is adjusted for inflation using the IPC (Índice de Precios al Consumidor) published by INDEC, from the acquisition date to the sale date.
• Costs of acquisition and sale (commissions, notary fees, taxes) are deductible from the gain.
• In high-inflation periods, the inflation adjustment significantly reduces the real taxable gain.

FAQs

Do I pay capital gains tax if I sell my primary residence?

Generally, no. The sale of a primary residence (casa habitación) is exempt from capital gains tax if the proceeds are reinvested in another primary residence within the required timeframe (typically 12–24 months).

Are foreign investors subject to Argentine capital gains tax?

Yes, non-resident investors are generally subject to 15% CGT on gains from the sale of Argentine assets. Tax treaties may provide reduced rates or exemptions.

How is the inflation adjustment calculated for capital gains?

The acquisition cost is adjusted by the cumulative inflation (IPC) from the month of acquisition to the month of sale. The official INDEC index is used. This adjustment prevents taxation of inflationary gains.

Aviso Legal

Este guia fornece informações gerais sobre ganhos de capital na Argentina para 2026. Leis e alíquotas podem mudar. Sempre consulte um contador ou a AFIP para orientação específica. InvestmentKit não fornece aconselhamento tributário.