Inheritance Tax Advice in Barbados

Barbados offers favorable inheritance tax laws, making it an ideal location for property ownership and investment. Learn more.

Last Updated 12/11/2024

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AT A GLANCE

Barbados offers attractive inheritance tax laws, making it a great spot for protecting your assets for future generations. But doing so successfully requires careful planning to protect your wealth compliantly. That’s why our network of experienced tax advisors is here to help.

Get expert inheritance tax advice in Barbados

Inheritance tax laws in Barbados are favourable compared to many other jurisdictions, making it an attractive location for investment and property ownership.

Tax experts in the region

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Tax Natives is an international tax network that connects Explorers (taxpayer clients) with Natives (qualified and regulated tax advisers) from one jurisdiction to another.

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STEP ONE

Select the 'Ask a question button located on the top of each page and follow through the process to compose your question

STEP TWO

Once your question is confirmed and your account is set up, navigate to your user dashboard to view the message exchange between you and your Tax Native.

STEP THREE

Each Tax Native has to accept a question from an Explorer before a conversation can begin. Once the Tax Native has accepted your question, a quote will be submitted for approval through the messaging portal.

Secure your legacy in Barbados – let’s talk

If you want to protect your wealth and guarantee a smooth transfer of assets, you need to plan ahead effectively. Fill out the form below to get personalised guidance and start building a tax-efficient legacy today.

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No Inheritance or Estate Tax in Barbados

Barbados does not levy inheritance or estate taxes upon a person’s death. This absence of inheritance tax applies to all residents and non-residents, making it financially beneficial for everyone considering passing on assets to heirs in Barbados.

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Property Transfer Tax in Barbados

While there is no direct inheritance tax, there is a property transfer tax that may affect inheritance in some scenarios.

This tax is relevant when properties are transferred from the deceased to the heirs or when real estate changes hands.

The specifics of this tax are as follows:

Tax Rate -The property transfer tax rate is 7.5% on the transferred property’s value.
Exemptions -There is an exemption on the first BBD 125,000 of the value of land and buildings or houses. However, if the property being transferred is land only (without any buildings), the tax is imposed on the entire property value without any exemption.

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SPOTLIGHT ARTICLE

OECD’s Crypto Reporting Framework (“CARF”)

MEMBERSHIP LEVELS —

What are the membership types available?

Curator Native

FREE

The Curator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

However, the Curator has additional responsibilities. They are tasked with the responsibility of managing and updating one of the jurisdiction pages. There is only one Curator membership available for each jurisdiction.

Where a Curator fulfils their commitments then they receive a 100% discount against their monthly membership fee.

A Curator can also provide articles if they wish.

FREE

The Creator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

However, the Creator has additional responsibilities. They commit to their other Natives that they will produce at least one piece of quality content each quarter – whether an article, video or other valuable content.

There are multiple Creator memberships available for each jurisdiction. Where a Curator fulfils their commitments then they receive a 100% discount against their monthly membership fee.

£65 / month

The Adviser is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

The Adviser Native is a care-free soul and has made no other commitments to his fellow Tax Natives to generate content or curate a jurisdictional page. That’s cool.

However, the Adviser will be eligible to pay the full monthly membership fee.

	Become a curator TAX NATIVES: CURATOR — Curator The Curator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives. The Curator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives. However, the Curator has additional responsibilities. They are tasked with the responsibility of managing and updating one of the jurisdiction pages. There is only one Curator membership available for each jurisdiction. Where a Curator fulfils their commitments then they receive a 100% discount against their monthly membership fee. READ MORE	Become a creator TAX NATIVES: CREATOR — Creator The Creator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives. However, the Creator has additional responsibilities. They commit to their other Natives that they will produce at least one piece of quality content each quarter – whether an article, video or other valuable content. There are multiple Creator memberships available for each jurisdiction. Where a Curator fulfils their commitments then they receive a 100% discount against their monthly membership fee.	Become an adviser TAX NATIVES: ADVISOR — Adviser The Adviser is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives. The Adviser Native is a care-free soul and has made no other commitments to his fellow Tax Natives to generate content or curate a jurisdictional page. That's cool. However, the Adviser will be eligible to pay the full monthly membership fee.
Initial admin fee	£250 Free	£250 Free	£250 Free
Minimum membership term	12 months	12 months	12 months
Article contentCreator and Curators must create at least one piece of original, quality-approved content each quarter.	No	YesCreator and Curators must create at least one piece of original, quality-approved content each quarter.	No
Managing and updating your jurisdiction page	Yes	No	No

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Curator Creator Adviser

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Become a curator

TAX NATIVES: CURATOR —

Curator

The Curator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

However, the Curator has additional responsibilities. They are tasked with the responsibility of managing and updating one of the jurisdiction pages.

There is only one Curator membership available for each jurisdiction.

Where a Curator fulfils their commitments then they receive a 100% discount against their monthly membership fee.

Initial admin fee	£250 Free
Minimum membership term	12 months
Article contentCreator and Curators must create at least one piece of original, quality-approved content each quarter.	No
Managing and updating your jurisdiction page	Yes

FREE

Become a creator

TAX NATIVES: CREATOR —

Creator

The Creator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

There are multiple Creator memberships available for each jurisdiction. Where a Curator fulfils their commitments then they receive a 100% discount against their monthly membership fee.

Initial admin fee	£250 Free
Minimum membership term	12 months
Content creationCreator and Curators must create at least one piece of original, quality-approved content each quarter.	YesCreator and Curators must create at least one piece of original, quality-approved content each quarter.
Managing and updating your jurisdiction page	No

£65 / month

Become an adviser

TAX NATIVES: ADVISOR —

Adviser

The Adviser is a fully-fledged member of the Tax Natives team.

As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

The Adviser Native is a care-free soul and has made no other commitments to his fellow Tax Natives to generate content or curate a jurisdictional page.

That's cool.

However, the Adviser will be eligible to pay the full monthly membership fee.

Initial admin fee	£250 Free
Minimum membership term	12 months
Content creationCreator and Curators must create at least one piece of original, quality-approved content each quarter.	No
Managing and updating your jurisdiction page	No

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Inheritance Tax Advice in Barbados

Ask a free Inheritance Tax Advice in Barbados tax question

AT A GLANCE

Tax experts in the region

How Tax Natives works.

STEP ONE

STEP TWO

STEP THREE

Secure your legacy in Barbados – let’s talk

Contact

No Inheritance or Estate Tax in Barbados

Property Transfer Tax in Barbados

OECD’s Crypto Reporting Framework (“CARF”)

What are the membership types available?

Curator Native

FREE

Creator Native

FREE

Adviser Native

£65 / month

Curator

Creator

Adviser

FREE

Curator

FREE

Creator

£65 / month

Adviser

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