Income tax in Anguilla

October 13, 2015

INDIVIDUAL TAXATION

There are two categories of residents: (1) belongers and (2) non-belongers. Belongers are those individuals that satisfy any of the following conditions: individuals born or adopted in Anguilla; child of a person born in Anguilla; spouse of an Anguillian belonger for at least three years; and or has been ordinarily resident in Anguilla for at least 15 years.

  • individuals born or adopted in Anguilla
  • child of a person born in Anguilla
  • spouse of an Anguillian belonger for at least three years
  • has been ordinarily resident in Anguilla for at least 15 years

Belongers do not need work permits but non-belongers need to get a work permit if they want to work in Anguilla.

There are no income taxes in Anguilla. But stamp duties and fees are levied on certain types of income.


Life in Anguilla RENTAL INCOME

Business License Fee

An annual fee for renting is required. The rate is ECD2,500 (US$958) for the first 200 ft2, ECD0.50 (US$0.20) for each additional covered ft2 and ECD0.25 (US$0.10) for each additional uncovered ft2 .

Accommodation Tax

Properties leased to tourists are subject to 10% accommodation tax, levied on the gross rent. This tax should be remitted monthly to the local government.

CAPITAL GAINS
No capital gains tax is applicable. However, stamp duties are levied on transfers of real property in Anguilla.

Transfer Duty on Real Property

A transfer duty of 5% is levied either on the assessed value of the property or the sales proceeds, whichever is greater. This tax is payable by the buyer.

Alien Landholding License

Foreigners buying real property are liable to alien landholding license, levied at 12.5% on the assessed value of the property or the sales proceeds, whichever is greater.


PROPERTY TAX


Property Tax

Property taxes are levied on the value of improvements on the land at the nominal rate of 0.0175% of the assessed building value.

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