Tax on property income in St. Vincent & Grenadines
Tax Rate on Rental Income |
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| Monthly Income | US$1,500 | US$6,000 | US$12,000 |
| Tax Rate | 26.9% | 27.9% | 28.9% |
| Click here to see a worked example | |||
| Source: Global Property Guide research |
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INDIVIDUAL TAXATION
Nonresidents are taxed on their income from sources in St. Vincent and the Grenadines. Married couples are assessed and taxed separately.
INCOME TAX
RENTAL INCOME
Nonresident individuals earning rental income in St. Vincent and the Grenadines are liable to pay withholding tax at progressive rates from their income.
Up to XCD5,000 ($1,850) - 10%
XCD5,001 - XCD10,000 ($3,700) - 20%
Over XCD10,000 ($3,700) - 30%
CAPITAL GAINS
There is no capital gains tax in St. Vincent and the Grenadines.
Property Transfer Tax
Real property transfers by foreigners are subject to transfer tax at a flat rate of 5% for the buyer and 5% for the seller.
Property Tax
Companies are taxed annually at 5% of the market value of the property. Individuals are taxed at 0.008% of the value of their residential property.
CORPORATE TAXATION
INCOME TAX
Income by corporations is subject to corporate income tax at a flat rate of 30.00%. Income-generating expenses are deductible when calculating taxable income.