NEW – Stamp Duty Cayman Islands
The Cayman Islands government has just released new INCREASED Stamp Duty concessions in a very special way to entice FIRST TIME Caymanian purchasers to climb on the property ladder in Cayman.
BUT the big news here is an extra incentive for SECOND TIME Caymanian purchasers (Caymanians whom already own a first home) giving them the opportunity to now purchase a 2nd home or Land offering them REDUCED Stamp Duty costs to do so. With up to 50% off Stamp Duty costs to purchase a 2nd Cayman property.
***ALSO now a GROUP of Caymanian purchasers between 2 -10 individuals can now buy Cayman Islands property with NO Stamp Duty Costs.
Please see the breakdowns BELOW and don’t forget to check out the important aspects of which areas are not included in these Stamp Duty concessions in our table BELOW. Any further questions or thoughts feel free to reach out to us anytime Contact Us
*** (For other purchasers of Cayman Islands property the stamp duty rate on all three Cayman Islands is 7.5% on the purchase price (also termed the consideration) or the market value of the property, whichever is higher. Stamp duty is calculated in Cayman Islands currency).
1. FIRST TIME Caymanian Purchaser Stamp Duty for PROPERTY & RAW LAND
2. 2ND TIME Caymanian Purchaser Stamp Duty for PROPERTY & RAW LAND
4. IMPORTANT – Stamp Duty Concessions for Caymanians ONLY apply to certain areas of the Cayman Islands