Title 33 — Taxation and Finance
44 chapters · 619 sections in this title.
33 V.I.C. § 1 Tax on inheritances to and from lineal relatives
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(a) A tax of 2 ½% is imposed on inheritances which fall from husband to wife, from wife to husband, from ascendants to descendants or from children to parents, which, for purposes of this section, shall be described as Class I inheritances. (b) For purposes of computing the tax o…
33 V.I.C. § 2 Tax on inheritances to brothers and sisters
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(a) A tax of 5% is imposed on inheritances which fall to brothers and sisters and their issue, irrespective of their being sole heirs or inheriting jointly with one of their parents, which, for purposes of this section, shall be described as Class II inheritances. (b) For purpose…
33 V.I.C. § 3 Tax on inheritances to distant relatives and strangers
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(a) A tax of 7 ½% is imposed on inheritances which fall to persons other than those mentioned in sections 1 and 2 of this chapter, which, for purposes of this section, shall be described as Class III inheritances; Provided, however, That there shall be no tax imposed upon bequest…
33 V.I.C. § 4 Administration of inheritance tax
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The provisions of this chapter shall be administered by the Bureau of Internal Revenue.
33 V.I.C. § 5 Exemptions
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An inheritance is exempt from the payment of inheritance taxes under this chapter if the decedent, when living, would have been considered a “nonresident not a citizen of the United States” under 26 U.S.C. § 2501(c), or if the decedent was a resident of the Virgin Islands or owne…