Land Transfer Tax

Land Transfer Tax, which is based on the purchase price, is payable by the purchaser to the Minister of Finance before the Transfer/Deed of Land will be accepted for registration.

The following table illustrates how Land Transfer Tax is calculated: on Resident Purchases.

If Purchase Price (PP) is:
Over $55,000.000 to $250,000.00 Multiply PP x .1 - $275.00
Over $250,000.00 to $400,000.00 Multiply PP x .15 - $525.00
Over $400,000.00 Multiply PP x .01 - $275.00
Multiply PP x .02 - $3,525.00