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Antigua and Barbuda Real Estate | Rental income tax
By property | November 1, 2008
INDIVIDUAL TAXATION
INCOME TAX
Withholding taxes on rental income of nonresident individuals is levied at a 20% flat rate. The taxable income is the gross income.
CAPITAL GAINS TAX
Capital gains are not subject to taxation in Antigua.
Land Value Appreciation Tax
Nonresident individuals transferring property ownership in Antigua are subject to the land value appreciation tax levied at the rate of 5%. The tax base is the property’s selling price or market value less acquisition costs and improvement costs throughout the property’s holding period.
PROPERTY TAXES
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Property Tax
Property tax is levied on all properties located in Antigua, but not in Barbuda. The taxable value is based on the property’s current construction replacement cost.
The applicable tax rates depend on the classification of the property; whether it is a residential property or commercial property. Residential properties are subject to the following rates:
RESIDENTIAL PROPERTY TAX |
|
| TAXABLE VALUE, ECD (US$) | TAX |
| Up to 50,000 (US$18,519) | ECD50 (US$19) |
| 51,000 – 100,000 (US$37,037) | ECD150 (US$56) |
| 101,000 – 150,000 (US$55,556) | ECD275 (US$102) |
| 151,000 – 250,000 (US$92,593) | ECD500 (US$185) |
| 251,000 – 350,000 (US$129,630) | ECD900 (US$333) |
| 351,000 – 500,000 (US$185,185) | ECD1,800 (US$667) |
| 501,000 – 700,000 (US$259,259) | ECD2,500 (US$926) |
| 701,000 – 900,000 (US$333,333) | ECD3,000 (US$1,111) |
| 901,000 – 1,200,000 (US$444,444) | ECD4,000 (US$1,482) |
| Over 1,200,000 (US$444,444) | 0.5% of 1% of the taxable value |
| Source: Global Property Guide | |
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In certain districts, surcharges of 5%, 10%, 15% or 20% are applied.
Land Tax
Land tax is levied at Antigua and Barbuda, depending on the type and size of the property
LAND TAX |
|
| TAXABLE BASE | TAX |
| Less than 1 acre | ECD50 (US$19) |
| 1 acre – 5 acres | ECD50 (US$19) per acre |
| 6 acres – 50 acres | ECD200 (US$74) per acre |
| 51 acres – 500 acres | ECD150 (US$56) per acre |
| Over 500 acres | ECD100 (US$37) per acre |
| Source: Global Property Guide | |
However, for land in the city of St. John, land tax is imposed at ECD50 (US$19) per square feet (sq. ft.). The annual tax is payable in two installments, on or before 31 March and 30 June.
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