British Virgin Is.: Taxes and Costs
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British Virgin Islands
levies property taxes only
Effective Tax Rate on Rental Income |
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| Monthly Income | US$1,500 | US$6,000 | US$12,000 |
| Tax Rate | 7% | 7% | 7% |
| Click here to see a worked example | |||
Source:
Disclaimer
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INDIVIDUAL TAXATION
There are no taxes on income and capital gains in the British Virgin Islands.
RENTAL INCOME
Hotel Accommodation Tax
Hotel accommodation tax is levied at 7% on the gross rent of properties leased for a short period of time (less than six months).
Long-term rentals (over six months) and leasing of properties to British Virgin Island residents are not liable for this tax.
CAPITAL GAINS
There are no capital gains tax or capital transfer tax in the BVI.
PROPERTY TAX
Land Tax
Land tax is payable annually and the tax liability depends on the land area. This tax is payable every 01 September annually.
LAND TAX |
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| LAND SIZE, IN ACRE | TAX RATE |
| Up to ½ acre (2,023 sq. m.) | US$50 |
| ½ acre – 1 acre (4,046 sq. m.) | US$150 |
| Over 1 acre | US$50 each additional acre |
| Source: Global Property Guide | |
House Tax
House tax is imposed at a flat rate of 1.5% of the assessed annual rental value (ARV). This tax is payable every 01 September annually.
British Virgin Is. - more data and information
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