INDIVIDUAL TAXATION

There are no taxes on income and capital gains in the British Virgin Islands.

RENTAL INCOME

Hotel Accommodation Tax

Hotel accommodation tax is levied at 7% on the gross rent of properties leased for a short period of time (less than six months).

Long-term rentals (over six months) and leasing of properties to British Virgin Islands residents are not liable for this tax.

CAPITAL GAINS
There are no capital gains tax or capital transfer tax in the BVI.

PROPERTY TAX

Land Tax

Land tax is payable annually and the tax liability depends on the land area. This tax is payable every 01 September annually.

House Tax

House tax is imposed at a flat rate of 1.5% of the assessed annual rental value (ARV). This tax is payable every 01 September annually.