Tax on property income in St. Vincent & Grenadines

INDIVIDUAL TAXATION

Nonresidents are taxed on their income from sources in St. Vincent and the Grenadines. Married couples are assessed and taxed separately.

INCOME TAX

RENTAL INCOME
Nonresident individuals earning rental income in St. Vincent and the Grenadines are liable to pay withholding tax at progressive rates from their income.

Up to XCD5,000 ($1,850) - 10%

XCD5,001 - XCD10,000 ($3,700) - 20%

Over XCD10,000 ($3,700) - 30%

CAPITAL GAINS
There is no capital gains tax in St. Vincent and the Grenadines.

Property Transfer Tax

Real property transfers by foreigners are subject to transfer tax at a flat rate of 5% for the buyer and 5% for the seller.

Property Tax

Companies are taxed annually at 5% of the market value of the property. Individuals are taxed at 0.008% of the value of their residential property.

CORPORATE TAXATION

INCOME TAX

Income by corporations is subject to corporate income tax at a flat rate of 30.00%. Income-generating expenses are deductible when calculating taxable income.

      

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