Bermuda Home Caribbean Bermuda Inheritance Will in Bermuda More BM × Bermuda 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 Key Contacts Accountants Lawyers Real Estate Agents Inheritance tax and inheritance law in Bermuda May 04, 2012 INHERITANCE Technically, there are no applicable estate duties or inheritance taxes on property. Stamp duties are however payable for the ‘Affidavit of Value of Deceased Estate’. This duty is levied on the value of the net assets (estate). A family home transferred upon death may be exempted from stamp duty. STAMP DUTIES ON ESTATE VALUE TAX BASE, US$ TAX RATE Up to US$100,000 0% US$100,000 – US$200,000 5% US$200,000 – US$1 million 10% US$1 million – US$2 million 15% Over US$2 million 20% Bermuda - More data and information How high is income tax on residents in Bermuda? Comments Merianna | April 03, 2010 This information not up to date. New top layer added in 2010 - 20% tax rate. Lower (Tax free) layer increased from $50K to $100 K . 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.