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    Capital Gains Taxes (%) - Turks and Caicos Is Compared to Continent

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    Turks and Caicos Is: Capital gains taxes (%).

    In arriving at effective capital gains tax rates, the Global Property Guide makes the following assumptions:

    • The property is directly and jointly owned by husband and wife;
    • They have owned it for 10 years;
    • It is their only source of capital gains in the country
    • It has appreciated in value by 100% over the 10 years to sale
    • The property was worth US$250,000 or 250,000 at purchase.
    • It is not their sole or principal residence.


    These assumptions are critical. In many countries a holding period of less than 5 years results in capital gains being taxable. But a longer holding period often results in no capital gains tax being payable. For more details see the Data FAQ


    Source: Global Property Guide Research, Contributing Accounting Firms

     



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