- There is no property tax in Kuwait.
Capital Gains Tax (CGT)
- There is no CGT in Kuwait.
Inheritance Tax
- There is no inheritance tax in Kuwait.
Gift Tax
- There is no gift tax in Kuwait.
Tax on Property Income
- Income earned from renting out property in Kuwait is subject to income tax, with a flat rate of 10% on rental income.
Tax Advantages
As Kuwait does not have property tax, CGT, inheritance tax and gift tax, buying a house in Kuwait would not have any tax advantages in those areas.
However, foreign buyers may take advantage of the 100% foreign ownership laws in Kuwait where they can own properties without any restrictions. Additionally, investors may also take advantage of the country’s favorable economic conditions.