Holiday rentals news - Boost for St Lucia villas from tax break & new flights

Boost for St Lucia villas from tax break & new flights

Holiday home owners renting out their St Lucia villas will benefit from new air services later this year. Meanwhile, the island's property market could be further boosted by the St Lucian government's decision to introduce a rental income tax holiday.

Both the tax incentive and the new British Airways (BA) flights spell good news for those with St Lucia villas, according to The Move Channel. St Lucia also benefits from having neither VAT, nor capital gains tax (CGT).

From October, BA will increase the frequency of its direct flights from the UK to St Lucia from three to five times per week. The island will also become more accessible for holidaymakers in the US, as Jet Blue will start to flying between New York and St Lucia from October 26. This route will operate three times per week.

Furthermore, under new immigration laws that are currently being finalised, overseas residents who invest more than £213,000 in a property on St Lucia could become resident on the island. This would bring further tax benefits.

This story was brought to you by holidaylettings.co.uk, the UK's No.1 for holiday homes worldwide.

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