Inheritance tax and law

June 07, 2013

INHERITANCE
Property located in the US Virgin Islands is exempt from US federal estate and gift taxes, if owned by non-US citizens and non-US permanent residents.

Although there is a Virgin Islands inheritance tax set out, all inheritances after 1984 are exempt from taxation.


ESTATE TAX 2010

TAX BASE US$
TAX RATE
Up to US$2,300
15%
US$2,300 - US$5.350
25%
US$5,350 - US$8,200
28%
US$8,200 - US$11,200
33%
Over US$11,200
35%

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