Income tax on rent, worked example, in Bahamas
Taxation Researcher | November 25, 2016
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 USD = 1.00 BSD
3 Estimated values. Income-generating expenses are deductible when calculating taxable income.
4 Rental income earned by nonresident individuals is not subject to any income tax.