Tax on property income in St. Lucia
Effective Tax Rate on Rental Income |
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| Monthly Income | US$1,500 | US$6,000 | US$12,000 |
| Tax Rate | 22.30% | 28.00% | 29.00% |
| Click here to see a worked example | |||
| Disclaimer | |||
INDIVIDUAL TAXATION
Nonresidents are taxed on their income from St. Lucia. Married couples are assessed and taxed separately.
INCOME TAX
Income is taxed at progressive rates.
INCOME TAX |
|
| TAXABLE INCOME, XCD (US$) | 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.