Bahamas Home Caribbean Bahamas Tax Pages Rental Income Tax Bahamas More BS × Bahamas Financial Overview Overview Market in Depth Rental Yields Income Tax et al Tax Example Taxes if Resident Buying Guide Landlord and Tenant Property Inheritance Country Statistics Property Investments Where to Buy Survey of Bahamas City of Freeport Long Island Nassau New Providence Key Contacts Accountants Lawyers Real Estate Agents Mortgages Income tax on rent, worked example, in Bahamas November 25, 2016 Non-resident couple´s rental income1 Monthly Rental Income2 €1,500 €6,000 €12,000 Annual Rental Income 18,000 72,000 144,000 = Taxable Income 18,000 72,000 144,000 Income Tax3 Flat rate 0% - - - Annual Income Tax Due - - - Tax Due as % of Gross Income 0% 0% 0% Source: Notes 1 The property is jointly owned by husband and wife. 2 Exchange rate used: 1.00 USD = 1.00 BSD 3 Estimated values. Income-generating expenses are deductible when calculating taxable income. 4 Rental income earned by nonresident individuals is not subject to any income tax. Comments Be the first to comment on this article! Login or Register to submit a comment! In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.