Tax on property income in St. Lucia

INDIVIDUAL TAXATION

Nonresidents are taxed on their income from St. Lucia. Married couples are assessed and taxed separately.

INCOME TAX

Income is taxed at progressive rates.


INCOME TAX

TAXABLE INCOME, XCD (US$) TAX RATE
Up to 15,000 (US$5,550) 15%
15,000 - 30,000 (US$11,100) 20% on band over US$5,550
Over 30,000 (US$11,100) 30% on all income over US$11,100
Source: Global Property Guide

RENTAL INCOME
Rental income is taxed at progressive rates. When computing for the taxable rental income, expenses relating to the property can be set against income, including interest payments.


CAPITAL GAINS
Capital gains are not taxed in St. Lucia.

STAMP DUTY ON PROPERTY TRANSFERS

Sales of properties by non-residents are subject to 10% stamp duty. The duty is levied on the market value of the property at the time of sale or the selling price.

Property purchases are subject to a 2% stamp duty for both residents and non-residents.


PROPERTY TAX

RESIDENTIAL PROPERTY TAX

Property owners are liable to pay property tax at the rate of 0.25% of the property market value.