UK Tax Benefits: The Bahamas Should be First Choice
Factor
UK
The Bahamas
Dubai
Monaco
Switzerland
Singapore
Income tax
Up to 45%
None
None
None (except for French
citizens)
Applicable – Based on
location (tax can be as
much as 40%)
0-17% dependant
income
Social Taxes
Up to 27.8%
of gross salary
Negligible
None
28-40% of
gross salary
13% of gross salary
None but capped
contribution for employee
Capital Gains Tax
Up to 28%
None
None
None
Varies - Average of ~18%
on real estate gains
None
Estate/Inheritance
Tax
First £325k – 0%
then 40%
None
None (as long as
there is a will)
Direct family – 0%
Fraternal – 8%
Uncle – 10%
Other – 13%
No federal
Cantons may levy a tax
None
Days per Year
10-90
0
2 visits
90 days first 6 years then
183 for ten
180 days with fiscal permit
90 days with work permit
183 days
Property
Requirement
Own or rent
Own
Own or rent
Own or rent
Own or rent
Own or rent
Lifestyle Rating
(Weather, Kid
Friendly, Population
Density, Safety,
Language, Cultural)
OK
HIGH
LOW
OK
OK
OK
Weather
Poor
Sub-tropical
Sub -tropical with
extreme highs
Mild
Warm summers and
cold winters
Hot and humid
Language
English
English
Arabic with English
widely spoken
French, Monegasque,
Italian and English
French, Italian, German
and Romansch
English, Chinese,
Malay
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