Income tax on rent, worked example, in Turks & Caicos Is.

Taxation Researcher | August 30, 2016

Non-resident couple´s joint monthly rental income1 US$1,500 US$6,000 US$12,000
Monthly Rental Income2 1,500 6,000 12,000
Annual Rental Income 18,000 72,000 144,000
= Taxable Income 18,000 72,000 144,000
Income Tax3
No tax 0% - - -
Annual Income Tax Due
Tax Due as % of Gross Income 0% 0% 0%
Global Property Guide research


1 The property is jointly owned by husband and wife.

2 Exchange rate used: 1.00 US$ = 1.00 USD

3 There are no income taxes levied in the Turks and Caicos Islands.



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