US Virgin Is.

Rental Income Tax, Effective Tax Rates (%) - US Virgin Is. Compared to Continent

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Dom. Rep.	30.00%
Antigua	20.00%
Barbados	20.00%
Montserrat	10.00%
St Vincent & G	10.00%
Guadeloupe	7.00%
Aruba	4.40%
Puerto Rico	4.17%
Belize	3.00%
Anguilla	0.00%
Bahamas	0.00%
Bermuda	0.00%
BVI	0.00%
Cayman Is.	0.00%
Grenada	0.00%
St Kitts	0.00%
Turks & C. Is.	0.00%

 

 

US Virgin Is.: Rental income taxes (%).

The tax levied on the average annual income on a rental apartment/property in the country.

Assumptions:

• Gross rental income is /US$1,500/month
• The property is personally directly owned jointly by husband and wife
• Both owners are foreigners and non-residents
• They have no other local income
• There is no mortgage, i.e., no loan is taken for the purchase

In arriving at the pre-tax profit figure, we calculate, and deduct:

• Depreciation / capital allowances if available. We assume a value for the apartment based on our valuation research, and depreciate on this basis.

We deduct any other costs which a landlord normally pays - management charges, buildings insurance, realtor agency fees, etc. We either choose a standard percentage deduction (if available) or typical actually incurred costs. If real estate tax is normally payable by the landlord, we deduct that.

Our rental income tax figures are provided by accountants (see list of contributors). For more details see the Data FAQ.

Source: Global Property Guide Research, Contributing Accounting Firms

 

US Virgin Islands does not publish official house price statistics. There are house and condominium price data for St. John Island from the Multiple Listings Service, compiled by Cruz Bay Realty. General economics statistics are from the International Monetary Fund, US Census Bureau and the US Virgin Island Bureau of Economic Research.