Computation of tax

  1. Law
  2. US Virgin Islands Code
  3. Taxation and Finance
  4. Miscellaneous Internal Revenue Taxes
  5. Normal Taxes and Surtaxes
  6. Gift Taxes
  7. Computation of tax

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  • The tax for each calendar year shall be an amount equal to a tax computed in accordance with the rate schedule set forth:
    • Rate Schedule
If the net gifts are:The tax shall be
(1)On all net gifts from husband to wife, from wife to husband, from ascendants to decend-

ants, or from children to parents

2 ½ %
(2)On all net gifts from brothers and sisters to brothers or sisters and the latter's issue5 ½ %
(3)On all net gifts from others not mentioned in (1) and (2) above7 ½ %


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