British Virgin Islands

5. Taxation

A trust created under BVI law attracts trust duty of USD100 on its establishment. This is paid by affixing a revenue stamp to the trust instrument, which must be cancelled as prescribed by the TA. In general, no other taxes are payable in respect of trusts created in the BVI and governed by BVI law, provided that the beneficiaries are BVI non-residents, and provided that the trust property, or underlying trust property, does not comprise land in the territory and that the trustees do not, in their capacity as trustees, carry on a business or trade in the territory.


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