Antigua and Barbuda: Taxes and Costs
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Antigua and Barbuda’s
rental income tax is high
INDIVIDUAL TAXATION
Non-residents are taxed on their income from sources in Antigua and Barbuda.
INCOME TAX
Income of non-residents is taxed at a flat rate of 25%.
RENTAL INCOME
Rental income earned by non-residents is taxed at a flat rate of 25%, withheld by the tenant. In computing taxable income, income-generating expenses (repairs, utilities, loan interest on the property, and other expenses) and depreciation expenses (wear and tear charges) are deductible from the gross rent. The maximum depreciation rate for buildings is 2%.
Taxpayers cannot claim depreciation charges if there is already a loss on the gross income less income-generating expenses. Taxpayers also cannot claim depreciation charges for a property if the depreciation charge would exceed the difference between gross rent and total expenses (hence, creating a loss or negative income).
CAPITAL GAINS
Capital gains are not subject to taxation in Antigua.
Land Value Appreciation Tax
Non-resident individuals transferring property ownership in Antigua are subject to the land value appreciation tax levied at the rate of 5%. The tax base is the property’s selling price or market value less acquisition costs and improvement costs throughout the property’s holding period.
PROPERTY TAX
Property Tax
Property tax is levied on all properties located in Antigua, but not in Barbuda. The taxable value is based on the property’s current construction replacement cost.
The applicable tax rates depend on the classification of the property; whether it is a residential property or commercial property. Residential properties are subject to the following rates:
RESIDENTIAL PROPERTY TAX |
|
| TAX BASE, ECD (US$) | TAX |
| Up to 50,000 (US$18,519) | ECD50 (US$19) |
| 51,000 – 100,000 (US$37,037) | ECD150 (US$56) |
| 101,000 – 150,000 (US$55,556) | ECD275 (US$102) |
| 151,000 – 250,000 (US$92,593) | ECD500 (US$185) |
| 251,000 – 350,000 (US$129,630) | ECD900 (US$333) |
| 351,000 – 500,000 (US$185,185) | ECD1,800 (US$667) |
| 501,000 – 700,000 (US$259,259) | ECD2,500 (US$926) |
| 701,000 – 900,000 (US$333,333) | ECD3,000 (US$1,111) |
| 901,000 – 1,200,000 (US$444,444) | ECD4,000 (US$1,482) |
| Over 1,200,000 (US$444,444) | 0.5% of 1% of the taxable value |
| Source: Global Property Guide | |
In certain districts, surcharges of 5%, 10%, 15% or 20% are applied.
Land Tax
Land tax is levied at Antigua and Barbuda, depending on the type and size of the property.
LAND TAX |
|
| TAX BASE | TAX |
| Less than 1 acre | ECD50 (US$19) |
| 1 acre – 5 acres | ECD50 (US$19) per acre |
| 6 acres – 50 acres | ECD200 (US$74) per acre |
| 51 acres – 500 acres | ECD150 (US$56) per acre |
| Over 500 acres | ECD100 (US$37) per acre |
| Source: Global Property Guide | |
However, for land in the city of St. John, land tax is imposed at ECD50 (US$19) per square feet (sq. ft.). The annual tax is payable in two installments, on or before 31 March and 30 June.
Antigua and Barbuda - more data and information
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