Tax on property income in Turks & Caicos Is.
August 29, 2016
Turks and Caicos Islands is a neutral tax jurisdiction.
There are no income taxes levied in the Turks and Caicos Islands.
Business licenses are required to engage in leasing properties in the islands. The license fee depends on the category of business and ranges from US$50 to US$7,000 annually.
The business license period is from 01 April of the current year to 31 March of the succeeding year.
There are no taxes on capital gains.
Stamp Duty on Property Transfers
Stamp duty on property transfers is levied at progressive rates, depending on the property value.
STAMP DUTY ON PROPERTY TRANSFER
|PROPERTY VALUE, US$|
|Up to US$10,000|
|US$10,000 – US$75,000|
|Source: Global Property Guide|