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Cook Islands: Taxes and Costs

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Last Updated: Aug 09, 2006

Moderate to high rental income taxes in the Cook Islands

Rental Income

Rental income is taxed in the islands. The taxable income is the gross rent less income-generating expenses. The applicable tax rates (as of 2001) are as follows:

INCOME TAX
TAXABLE INCOME (US$) TAX RATE
Up to US$2,700 nil
US$2,701 - US$4,500 20%
US$4,501 - US$13,500 25%
Over US$13,500 30%
Source: Global Property Guide

Capital Gains Tax

No capital gains tax is levied in the Cook Islands.

However, capital gains earned from selling a property which was acquired for the purpose of earning a profit are treated as ordinary income and taxed at the standard income tax rates.

 

Cook Islands - more data and information

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