I want to participate in St. Kitts and Nevis’ CBI program by investing in the real estate market. I plan to use the property for a vacation home rental business. How is my income obtained through this business taxed? What is the tax rate?
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Stacey Ann Aberdeen answered:
There is no income tax in St Kitts. However, if you are operating a rental business based on the property you will have to apply for a business license and once you sign up with the Inland Revenue Department they will inform you of the taxes payable on that income.
