St. Kitts & Nevis: Taxes and Costs

Country Rating  »

Home ›  Caribbean ›  St Kitts & N. ›  Taxes and Costs

Minimal taxation of properties in both St. Kitts & Nevis

Effective Tax Rate on Rental Income
Monthly Income	US$1,500	US$6,000	US$12,000
Tax Rate	nil	nil	nil
Click here to see a worked example
Source: Disclaimer

Income Tax

There is no income tax in St. Kitts and Nevis.

Land Tax

Land taxes are minimal and levied at various rates depending on the size, location, and the classification of the land concerned. It is generally levied at a flat rate of 0.5% on the assessed market value of the land, or the land and its improvements (including houses).

House Tax

House taxes are based on annual gross rental values, as assessed by the government. Properties with annual rental values below the minimum limit are exempt from taxation. Properties assessed to have rental values below XCD600 (US$222) in St. Kitts and XCD48 (US$18) in Nevis are not taxed. Otherwise, the house tax is levied at 5% of the gross annual rental value.No capital gains tax is levied in St. Kitts and Nevis, except on assets sold within one year of acquisition, which are taxed at 20%. There are no allowable deductions.

St. Kitts & Nevis - more data and information

• Guide to buying houses and registering property sales in St. Kitts & Nevis

Your Comments

Post a comment