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ARTICLE · 18 MAY 2010

Real Estate - Stamp Duty Relief

The TCI Government has enacted changes to TCI’s stamp duty regime in relation to real estate transfers, which came into force on May 7, 2010, significantly reducing effective duty rates on most transactions.

Turks and Caicos IslandsReal Estate and Construction
Owen Foley
Owen Foley

The TCI Government has enacted changes to TCI's stamp duty regime in relation to real estate transfers, which came into force on May 7, 2010, significantly reducing effective duty rates on most transactions.

Stamp duty on such transactions is now assessed as follows:-

Purchase Price

Location

Rate of Duty

Not more than $25,000

Throughout TCI

NIL

$25,000* - $500,000

Grand Turk, South Caicos, Middle Caicos, North Caicos, East Caicos and Salt Cay

2%

$25,000* - $500,000

Elsewhere in TCI

4%

$500,000* - $1,500,000

Grand Turk, South Caicos, Middle Caicos, North Caicos, East Caicos and Salt Cay

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