Acquisition costs related to certain construction projects are not fully deductible. Taxpayers should be aware of what projects qualify for a full deduction and which qualify for a partial deduction.
Uruguay's Administrative Contentious Court (Tribunal de lo Contencioso Administrativo, TCA) has ruled that the construction of streets, sewers, potable water and sanitation facilities, and electric posts does not qualify as the "building of a new real estate." As such, taxpayers may not fully deduct …