British Virgin Is.: Taxes and Costs

Country Rating  »

Home ›  Caribbean ›  BVI ›  Taxes and Costs

British Virgin Islands levies property taxes only

Effective Tax Rate on Rental Income
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

There are no taxes on income in the British Virgin Islands.

Property Taxes

• Land Tax. Land tax is payable annually and the tax liability depends on the land area. This tax is payable every 01 May annually and the tax rates for foreign non-residents are as follows:

LAND TAX
LAND SIZE , ACRES	TAX LIABILITY
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.

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 or capital transfer tax in the BVI.

British Virgin Is. - more data and information

• Guide to buying houses and registering property sales in British Virgin Island

Your Comments

Post a comment