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The Joe Lewis Thread

So, he is now 81 yrs old. What happens to the ownership when he dies? Does it pass on to his kid/kids (if he has anyone)?
 
Is the an inheritance tax there or will they find a way round it do you think?
bahamas inheritance tax

A property valued at up to $500,000 is taxed at 1% and over this is taxed at 2%. A rate of 3% is applied to unimproved properties but only on New Providence Island. There are no capital gains taxes or inheritance taxes in the Bahamas, but many goods that are imported into the country have high duties on them.
 
bahamas inheritance tax

A property valued at up to $500,000 is taxed at 1% and over this is taxed at 2%. A rate of 3% is applied to unimproved properties but only on New Providence Island. There are no capital gains taxes or inheritance taxes in the Bahamas, but many goods that are imported into the country have high duties on them.

Sounds like a nice place. Should not be an inheritance tax here really. I have been taxed all my life, to be taxed just for leaving it to my son is disgusting.
 
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