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Real estate in the British Virgin Islands is subject to nominal taxation. [13] Because the amounts payable are so small, it is not uncommon for householders to not pay the tax at all, and then discharge all back taxes and penalties when they come to sell their property. The total tax on residential properties rarely exceeds US$100 per annum.
The principal settlement is Road Town, the capital of the British Virgin Islands, with a population of 9,400. Provision of financial services is a major part of the economy. The International Business Companies Act , passed in the early 1980s, encouraged such businesses and has generated significant growth in professional jobs and related revenues.
Great Saint James is a private island in the United States Virgin Islands, located off the east end of St. Thomas and belonging to subdistrict East End, Saint Thomas.The island is approximately 165 acres (67 ha) in size, [1] and is located 0.4 kilometres (0.25 mi) southeast of Saint Thomas. [2]
The present-day Administrative Districts of the British Virgin Islands were established since 2003, following the provisions of the Sister Islands Programme, 2003. [ 1 ] Tortola, the surrounding islets, and the Little Sisters/Southern Islands are directly administered by the BVI Government, as an "Island".
Spanish Town on southern Virgin Gorda is the second largest town (after Road Town) on the British Virgin Islands. Also known as Valley, Spanish Town offers numerous shopping possibilities. The heart of the town is its Yacht Harbor marina, with many bareboat sailing activities every day.
In 2010, the Crown Estate sold the Freehold and buildings of Royal Mint Court to DV4, wholly owned subsidiary of Delancey-based offshore inn the British Virgin Islands. This was an off market sale that was kept confidential and resulted in serious allegations being made when official documents were published in 2018 following a Freedom of ...
In 1776 Samuel Nottingham, a Quaker, manumitted 25 slaves and gave them 50 acres (200,000 m 2) of land in Long Look in Tortola, directing them to cultivate it for the common good.
Peter Island is a 720 hectares (1,800 acres) [1] private island located in the British Virgin Islands (BVI). It is about 5 miles (8.0 km) south-west (195 degrees true) from Road Town , Tortola . The island was named after Pieter Adriensen (nicknamed "The Commander") who was the brother of Abraham Adriensen , Patron of Tortola under the Dutch ...