Apr 16, 2008

Massive reduction in tax on new purchases

Great news for home buyers and investors in Turks and Caicos Islands, where the Government has announced a massive reduction in Stamp Duty on property purchases. Currently at a 9.75% level on Providenciales, the tax has been reduced for a limited period to 6%. The effective date is April 1st thru June 30th.

In Grand Turk, South Caicos, Middle Caicos, North Caicos and Salt Cay, the stamp duty is reduced from 5% to 3%.

This means, of course, that any investor can save a huge amount of money on their purchases. So...... looks like the piggy banks are going to get broken open and that second or third home purchased in a hurry!

Caribbean Home Finder has some great buys at the moment.


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