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 |