• Dear Guest, Please note that adult content is not permitted on this forum. We have had our Google ads disabled at times due to some posts that were found from some time ago. Please do not post adult content and if you see any already on the forum, please report the post so that we can deal with it. Adult content is allowed in the glory hole - you will have to request permission to access it. Thanks, scara

The Joe Lewis Thread

So, he is now 81 yrs old. What happens to the ownership when he dies? Does it pass on to his kid/kids (if he has anyone)?
 
Danishfurniturelover said:
Is the an inheritance tax there or will they find a way round it do you think?
Click to expand...
bahamas inheritance tax

A property valued at up to $500,000 is taxed at 1% and over this is taxed at 2%. A rate of 3% is applied to unimproved properties but only on New Providence Island. There are no capital gains taxes or inheritance taxes in the Bahamas, but many goods that are imported into the country have high duties on them.
 
r-u-s-x said:
bahamas inheritance tax

A property valued at up to $500,000 is taxed at 1% and over this is taxed at 2%. A rate of 3% is applied to unimproved properties but only on New Providence Island. There are no capital gains taxes or inheritance taxes in the Bahamas, but many goods that are imported into the country have high duties on them.
Click to expand...

Sounds like a nice place. Should not be an inheritance tax here really. I have been taxed all my life, to be taxed just for leaving it to my son is disgusting.
 
You must log in or register to reply here.
Back