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.