Tax Rate on Rental Income
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Nonresidents are taxed on their income from sources in Antigua and Barbuda. Married individuals are taxed separately.
There is no personal income tax in Antigua and Barbuda.
Capital gains are not subject to taxation in Antigua.
If a taxpayer earns capital gains regularly and frequently, the capital gains are considered as income from trade or business and taxed at standard income tax rates.
Land Value Appreciation Tax
Nonresident individuals transferring property ownership in Antigua are subject to the land value appreciation tax ranging from 5% to 20%. The tax base is the property´s selling price or market value less acquisition costs and improvement costs through the property´s holding period.
Property tax is assessed on the market value of real property, and ranges from 0.10% to 0.50%.The applicable tax rates depend on the classification of the property; whether it is a residential property or commercial property.
Income earned by companies is taxed at the standard corporate tax rate of 25%. Income-generating expenses are deductible when calculating taxable income.