Annual tax
Polina Vodzinskaya asks:
How much is annual property tax in Antigua and Barbuda, if you buy a house for $ 200,000?
Expert answers (1)
(LA Estate)
Pauline, Hello!
Land tax shall be levied in Antigua and Barbuda. Its size depends on the type and size of property. Non-commercial projects (residential) are taxed at the rate of 0.2%.
Real estate tax is levied on objects located only on the island of Antigua (on the island of Barbuda is not charged). The taxable base is determined based on the current value of the property. Tax rates of property tax will also depend on the classification of property (residential, not housing). For non-commercial objects (homes, villas, apartments, etc.) typically is 0.3 %.
There is a separate tax for non-residents disposing of property for rent – 20% of the received gross income from rental property for rent.
Speaking of resident and non-residents: 2013 – the year in Antigua, introduces the program "Citizenship by investment" (Citizenzhip by investment). The input threshold is approximately twice the above mentioned value of real estate. In case you are interested, please contact for advice.
Sincerely,
Maxim Mishchenko.
Land tax shall be levied in Antigua and Barbuda. Its size depends on the type and size of property. Non-commercial projects (residential) are taxed at the rate of 0.2%.
Real estate tax is levied on objects located only on the island of Antigua (on the island of Barbuda is not charged). The taxable base is determined based on the current value of the property. Tax rates of property tax will also depend on the classification of property (residential, not housing). For non-commercial objects (homes, villas, apartments, etc.) typically is 0.3 %.
There is a separate tax for non-residents disposing of property for rent – 20% of the received gross income from rental property for rent.
Speaking of resident and non-residents: 2013 – the year in Antigua, introduces the program "Citizenship by investment" (Citizenzhip by investment). The input threshold is approximately twice the above mentioned value of real estate. In case you are interested, please contact for advice.
Sincerely,
Maxim Mishchenko.
5.11.2013
Consultation
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