Smart real estate owners that have done their homework realize that owning a luxury villa or a piece of property in the Bahamas has many benefits.
TAX BENEFITS FOR OWNERS OF LUXURY VILLAS IN THE BAHAMAS
Buying a luxury villa has never been more attractive. As well as providing your family with a stunning vacation home, property at Grand Isle offers many financial incentives.
The Bahamas is politically stable and welcomes foreign private ownership with constitutional laws to guarantee personal property.
Being just a short flight from Miami, luxury villas on Great Exuma are always in demand and achieve high rental income. They are particularly popular with snowbirds during the winter months. So if you are heading south once, twice, or several times a year, owning your own piece of paradise makes a great deal of economic sense.
Tax-wise, owners of luxury villas will appreciate the absence of capital gains tax, along with no inheritance tax, profit remittance, corporate income tax, personal income tax or any tax on dividends and interest in the Bahamas. There are also tax concessions for owner-occupied homes with low rates on commercial properties, too.
LIVE THE DREAM LIFESTYLE WITH A LUXURY VILLA ON GREAT EXUMA
Many people looking for a year-round vacation home or wanting to invest in real estate find that owning a luxury villa in the Bahamas has many benefits. It is becoming increasingly difficult to find a place that is civilized and easy to access without being over “touristy”. Visitors to Great Exuma may be surprised to find it has that perfect balance.
The Bahamas is a safe and orderly place to reside with good standards of infrastructure, healthcare, law and order. Annual and permanent residence is available to non-Bahamian owners, particularly those purchasing a home valued above $500,000.
The subtropical climate is another big plus for owning a luxury villa. The islands enjoy year-round sunshine and warm temperatures similar to those of southern Florida yet with the added benefits of gentle sea breezes.
BY OWNING A LUXURY VILLA, POSSIBILITIES OPEN FOR YOU AND YOUR FAMILY
Those with families will appreciate the many activities that are available right on the doorstep of your luxury villa. The warm clear waters are the perfect playgrounds for youngsters to explore, play, snorkel and have fun while enjoying the outdoors lifestyle. Swimming pools are ideal for water volleyball, lazing on an inflatable airbed or keeping cool with a drink at the pool bar. It’s hard to beat the family lifestyle on offer from luxury villas in the Bahamas.
Grand Isle villas on Great Exuma are surrounded by natural beauty and tranquility. Stroll along the water’s edge picking up shells and discovering marine life in the shallow warm waters. Fishing can be enjoyed from the shore or from a small boat. Alternatively, sport fishing is a popular pastime on an exciting deep-water excursion.
The Bahamas is also a great place to escape the stress and hectic pace of modern city living. Swap crowded city streets for traffic-free roads or cycle to pick up local groceries and fresh fish from the nearby market. Owning your own slice of paradise at Grand Isle could be the perfect way to relax, offering a healthy lifestyle with considerable tax benefits.
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