The Bahamas is a genuine tax haven: there is no income tax, no capital gains tax, and no inheritance or estate tax. Property owners do pay an annual real property tax and VAT on transfers.
What taxes does the Bahamas not have?
The Bahamas levies no income tax, no capital gains tax, and no inheritance or estate tax.
- No income tax
- No capital gains tax
- No inheritance or estate tax
What do property owners actually pay?
Annual real property tax runs roughly 0.75-1% of assessed value, with exemptions and caps that vary by property type and owner-occupancy status. VAT also applies to real estate transfers at the time of purchase. Confirm current rates and exemptions with a Bahamian attorney.
A note on home-country obligations
Tax advantages in the Bahamas do not eliminate obligations in your home country. US citizens, for example, are taxed on worldwide income. Always confirm with a qualified cross-border tax advisor.
This is general information, not legal or tax advice. Confirm details with a licensed Bahamian attorney and, for tax matters, a qualified cross-border tax advisor before purchasing.