Pierre Island in the Bahamas - 16acres is on sale for $6million.
A property in Muthaiga - 1.74acres is on sale for $6million. :D:D:D
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Broker anakula $1.5m clean hapo Muthaiga. Those guys play a part in overrating land prices in .ke
Can we compare the property tax of the two places.
Properties in Bahamas have gone significantly down after Irma last year (or was it Harvey?)
I think when you own an island there is increased taxation priss educate me.
The first $250,000 on owner occupied residential property is tax exempt. On the value of owner/occupied properties between $250,000 and $500,000, the rate is 3/4 of one percent. On the portion over $500,000, the tax rate is 1% of the market value of the property. In kenya It is usually about 1% of the property value,so putting the Bahamas 250,000 dorras on owner occupancy at tax free in consideration, a Runda pigsty would be tax free
depends if the country has taxation,The Cayman Islands has no income tax, no corporate tax, no estate or inheritance tax, and no gift tax or capital gains tax, making it a pure tax haven. … There are no exchange controls in the Caymans restricting money transfers in any way. Offshore businesses are not required to pay stamp duty on asset transfers