Bahamas

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The $80,000 USA exemption sounds most interesting.

What about native income taxes in the Bahamas?

How are property taxes? Sales taxes? VAT?

Thanks!

Bruce
 
Quote from bcavender:

The $80,000 USA exemption sounds most interesting.

What about native income taxes in the Bahamas?

How are property taxes? Sales taxes? VAT?

Thanks!

Bruce
More...

No local income or capital gains.

Depends on location for property tax; but would suggest renting, not worth buying.

7% stamp tax unless bonded.

Misc. import duties unless bonded.
 
Quote from bcavender:

The $80,000 USA exemption sounds most interesting.

What about native income taxes in the Bahamas?

How are property taxes? Sales taxes? VAT?

Thanks!

Bruce
More...

The $80,000 Foreign Earned Income Exclusion is available if you lived anywhere outside US - not necessarily Bahamas.

Another advantage of residing overseas is that CFTC restricts US resident's trading in many overseas listed futures and options contracts. Thus, residing overseas allows one to avoid that nonsense ...
 
Thanks Blue ... that puts a lot of perspective on it.

Metoo....what is the deal when a class 5 hurricane comes? Do you evac or just shelter in place? (probably another good reason to rent instead of buying...Possibly they also have citizenship requirements to be a landowner like Bermuda....)

Thanks!

Bruce
 
Quote from bcavender:

Thanks Blue ... that puts a lot of perspective on it.

Metoo....what is the deal when a class 5 hurricane comes? Do you evac or just shelter in place? (probably another good reason to rent instead of buying...Possibly they also have citizenship requirements to be a landowner like Bermuda....)

Thanks!

Bruce
More...

Class 4 stay put; Class 5 I would go to the mainland ...
 
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