Income tax on rent, worked example, in Anguilla
October 13, 2015
|Non-resident couple´s rental income1||US$1,500||US$6,000||US$12,000|
|Monthly Rental Income2||1,500||6,000||12,000|
|Annual Rental Income||18,000||72,000||144,000|
|= Taxable Income||18,000||72,000||144,0|
|Annual Income Tax Due||1,800||7,200||14,400|
|Tax Due as % of Gross Income||10%||10%||10%|
DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on October 13, 2015.
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 2,115.00 TZS
3 Properties leased to tourists are subject to 10% accommodation tax, levied on the gross rent.