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Sort: Alphabetically  |  Ascending Rank  |  Descending Rank


St Vincent & G   30.58%
Dom. Rep.   18.90%
Trinidad & T.   18.75%
Jamaica   18.75%
Antigua   15.00%
Grenada   15.00%
St Lucia   11.00%
Guadeloupe   10.00%
Montserrat   10.00%
Martinique   10.00%
Anguilla   10.00%
Barbados   7.50%
BVI   7.00%
Puerto Rico   3.15%
Aruba   3.11%
Belize   3.00%
Bermuda   1.20%
Cayman Is.   0.00%
US Virgin Is.   0.00%
Bahamas   0.00%
Turks & C. Is.   0.00%
St Kitts and Nevis   0.00%
Dominica   0.00%

 

 

Caribbean: 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

 

Statistics for the Caribbean. Statistical work in the Caribbean is weak, and house price statistics are almost non-existent. The partial exception is the US Virgin Islands, which benefits from a multiple listings system.

 





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