Tax on property income in St. Kitts & Nevis
Tax Rate on Rental Income |
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| Monthly Income | US$1,500 | US$6,000 | US$12,000 |
| Tax Rate | 0.00% | 0.00% | 0.00% |
| Click here to see a worked example
Disclaimer |
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INDIVIDUAL TAXATION
INCOME TAX
There is no income tax in St. Kitts and Nevis.
RENTAL INCOME
Rental income is generally not subject to tax.
Dividend, royalty and interest income paid to non-resident individuals or companies is subject to 15% withholding tax.
CAPITAL GAINS
No capital gains tax is levied in St. Kitts and Nevis, except on assets sold within one year of acquisition, which are taxed at 20%. There are no allowable deductions.
PROPERTY TAX
PROPERTY TAX
Property tax is levied at different flat rates, is divided into building tax and land tax and the applicable tax rate depends on the property classification and its location. The tax rates vary from 0.2%-0.75%
CORPORATE TAXATION
INCOME TAX
Income and capital gains earned by corporations are taxed at a flat rate of 33%. Income-generating expenses are deductible when calculating taxable income.