Tax in the Turks & Caicos
See what the Turks & Caicos's tax rules do to your property portfolio.
What Freeholt models for property, income and retirement in the Turks & Caicos, and what it does not.
Free to start. No card. Rules reviewed 2 July 2026.
Modelled here
- Tax on rental income
- Duty on purchase (approximate)
- Income tax beyond the rent
- Dividends, interest and share sales
- Retirement savings
USD · Rates as at 2 July 2026 · Estimates, not advice
No income tax, no CGT and no annual property tax; a banded stamp duty of up to ~10% applies once at purchase.
How rental income is taxed in the Turks & Caicos
For a resident owner: There is no tax on residential rental income. For an owner living abroad and renting this out: There is no tax on residential rental income.
Capital gains on a sale
There is no capital gains tax on residential property.
Annual property tax while holding
An annual property or land tax is not modelled here, which is not the same as there being none. Treat holding costs on this page as excluding it.
What it costs to buy
Freeholt estimates this at 10% of the price. That is an average rather than the published rule, which is not modelled here yet. Banded stamp duty up to ~10% of the whole price (Providenciales top band). No foreign buyer restriction.
Where the tax actually lands
The Turks & Caicos taking nothing does not mean nobody does. An owner who is tax resident somewhere that taxes worldwide income generally pays tax on the rent and any gain from this property THERE, at that country's rates, with credit for anything paid here. That makes the owner's country of residence the thing that decides the tax bill on this property, not the country the property sits in. Freeholt models the residence side separately, so setting a country of residence in the app shows the whole picture rather than a zero.
Income tax in the Turks & Caicos, beyond the rent
No personal income tax. Figures in USD, as verified 29 August 2026.
Dividends, interest and share sales
How the Turks & Caicos taxes investment income. For dividends: Not taxed. For interest: Not taxed. For share sale gains: Not taxed.
Pensions and retirement savings
EEE. Untaxed at every stage. Contributions are made from money already taxed. No annual cap is modelled. Growth inside the fund is untaxed. Withdrawals can start from age 60. After that age, withdrawals are tax free.
Worth knowing about tax in the Turks & Caicos
The Turks and Caicos Islands has no capital gains tax regime at all. This is not a 0% rate that could be turned up; it is the absence of a statute.
How Freeholt models the Turks & Caicos
Every rate above is priced from Freeholt's own table for the Turks & Caicos and runs through the whole projection: rental income, a modelled sale and the annual holding costs all use the same figures. They cannot be edited yet, so a position that differs from the defaults has to be read with that in mind. The estimate assumes an individual owner rather than a company or trust, and where a rule is not modelled it is listed below rather than quietly priced at zero.
What running this property costs
In Turks & Caicos this covers strata/resort fees, insurance, maintenance and management. There is no annual property tax.
How borrowing works here
Local financing is limited (~50 to 70% LTV); many purchases are cash. The islands use the US dollar.
What actually happened here
We hold no measured run of our own for this country yet, so there is nothing to draw. We will not fill the gap from a neighbouring market.
What Freeholt models here
- ModelledTax on rental income
- Resident and non resident rates, with interest and losses treated under the local rule.
- None hereCapital gains on a sale
- No general capital gains tax; the page says what applies instead.
- ApproximateDuty on purchase
- Carried as one national average rather than the published scale, which differs by band and often by region.
- Not yetAnnual property or land tax
- Not priced here; the page says where the charge falls instead.
- ModelledIncome tax beyond the rent
- Salary and other income, stacked with the rent.
- ModelledDividends, interest and share sales
- Investment income and gains, with the local allowances.
- ModelledRetirement savings
- Contributions, the fund and the way out.
- Not yetInheritance and what happens on death
- Not modelled for this country yet.
What Freeholt does not model here
- Any annual property or land tax, which may still exist here
- Inheritance and estate tax
- Treaty relief between this country and the owner's country of residence
What the figures above leave out (9)
- The Turks and Caicos Islands raise their revenue through customs duty, a stamp duty on land transfers that varies by island group as well as by price, accommodation licensing and a Tourism Tax on short stays (the one an owner letting nightly actually meets) rather than through a tax on income, and none of that is priced here. What is zero is the charge on income; the total tax burden there is materially higher. There is no annual property tax, and that is a researched zero rather than another gap.
- The zero here is what the Turks and Caicos Islands charge on a dividend, interest payment or gain, not a promise that the money arrives untaxed. If the investment is foreign, or the holder is tax resident somewhere else, withholding at source and the home country's own tax can still apply to the same receipt, and neither is modelled, so the total tax may be higher.
- The Turks and Caicos self employed contribution rate differs from the private sector one and is still stepping up, so check which applies before deriving a contribution from pay.
- Turks and Caicos NIB is defined benefit social insurance, not a pot the member owns. This answers what the islands charge on pension money (nothing), not how large the pension will be.
- No insurable earnings ceiling for the Turks and Caicos was available, so none is applied. One almost certainly exists.
- The Turks and Caicos NIB rate is given as 12% combined (6.5%/5.5%) without saying which side is the employee's, so no employee rate is used here.
- A Turks and Caicos NIB pension can start at 60 but is paid at a reduced rate until 65, and that reduction is not applied; 60 is used only as the age from which a withdrawal is answered at all. The tax answer is nil at either age. The pension itself is smaller before 65, so a full rate amount entered for those years is overstated.
- An employee's contributions to the Turks and Caicos National Insurance Board (NIB) scheme are shared with the employer, 12% in total, and only the employee's own share is priced here, so the real inflow into the scheme on the employee's behalf is larger than the contribution figure shown. For the self employed this does not apply: they bear the whole rate themselves, and it is a different rate that is still being stepped up.
- A pension from the Turks and Caicos National Insurance Board (NIB) needs a qualifying contribution record, and its size depends on that record. Neither is checked here: the figures take whatever pension amount is entered and answer only what the islands charge on it (nothing), so a short contribution history could mean a smaller pension than the amount entered, or none yet at all.
Coverage deepens country by country. Every figure is an estimate, not advice.
Compare with another country
Each page is built from the same table the app runs on, so the figures line up side by side.
Compare the Turks & Caicos with another country — rent, gains, annual tax and duty, side by side.
Questions people ask
- Does Freeholt model Turks & Caicos property tax?
- Yes. Rental income tax and duty on purchase are priced from Freeholt's own rate table for the Turks & Caicos. Duty on purchase carries a simplification that the page names beside the figure. The Turks & Caicos levies no capital gains tax, so there is nothing to price. Annual property or land tax is not priced here, and the page says so rather than showing a zero. The rates are not editable yet, so one that differs in a particular case cannot be overridden. Every figure is an estimate, not advice.
- How is rental income from the Turks & Caicos taxed if I live somewhere else?
- There is no tax on residential rental income. Tax may also be due in the country of residence, with credit for what was paid here. Estimates only, not advice.
- What are the Turks & Caicos figures as at?
- The rate table for the Turks & Caicos was last reviewed on 2 July 2026. Freeholt date stamps every country rather than implying all of them were checked on the same day. Estimates only, not advice.
Model a property in the Turks & Caicos alongside everything else you own: see the year your portfolio starts paying you back.