Owning property in Florida
#31
Re: Owning property in Florida
Are there even any car dealers there? I only ever really looked into moving to Grand Bahama. NPI is where most of the people are but it has a lot of crime. Plus Grand Bahama has the FTZ which gets you out of a lot of their taxes.
#32
Re: Owning property in Florida
Exuma has bugger all. Nassau has a good many and some of the major dealerships, Ford, LandRover etc. As you say the crime rates are pretty high in Nassau. Exuma has very low crime rates, probably because everyone knows each other.
#33
Re: Owning property in Florida
I noticed that about 80% of the cars seem to be LHD, although you do see some Japanese-made cars that are RHD.
Bit of a difficult decision with cars living on a small island. I spent some time on the Isle of Man and I thought it would be no big deal because it's so small but the reality is that it's half the size of the West Mids with a population of 70,000, so if the bus doesn't get you there you've got problems.
Something small, super reliable that is economical I would say. You aren't going to be driving fast or for long distances, that's for sure!
Bit of a difficult decision with cars living on a small island. I spent some time on the Isle of Man and I thought it would be no big deal because it's so small but the reality is that it's half the size of the West Mids with a population of 70,000, so if the bus doesn't get you there you've got problems.
Something small, super reliable that is economical I would say. You aren't going to be driving fast or for long distances, that's for sure!
#34
Re: Owning property in Florida
I've just recently discovered that if you're naturalized in the USVI you are exempt from US estate tax, by the way, which might be of interest to anyone thinking of moving to the US permanently.
#35
Re: Owning property in Florida
Just wanted to update this to mention some new information - as of 2013, most types of US investment income, including capital gains, will be subject to a Medicare tax of 3.8%, if you have over $200k (as an individual) or $250k (joint) of US-source income.
Not a problem you're likely to have, but I thought it was worth mentioning.
Not a problem you're likely to have, but I thought it was worth mentioning.