Purchase Requirements

Transfer Fees

Transfer fees payable by the purchaser are made up as follows:

· 4% stamp duty
· 2.5% judicial fees
· 1% assurance fund
· 3% legal fees
· The vendor has to pay 2.5% stamp duty

All Transfer fees are calculated on the market value of the land being sold.

If you receive land as a gift or at an undervalue the transfer fees are still calculated on the market value which is the higher of the purchase price and valuation.

If you are not an OECS Citizen

If you are not a citizen of one of the OECS States you will have to pay an additional 10% on the market Value of the land regardless of how little land you purchase.

In addition you will need to obtain an Alien Landholding License to own more that 1 acre of land for residential purposes or 3 acres for business purposes.

OECS States include:

• Anguilla
• Antigua
• British Virgin Islands
• Dominica
• Grenada
• Montserrat
• St. Kitts & Nevis
• St. Lucia
• St. Vincent& The Grenadines

If you are a member of a CSME STATE

If you are a member of a CSME STATE (Caribbean Single Market Economy) unless you are also an OECS Citizen the Alien Land Holding Provisions apply to you when buying land and you will have to pay the additional 10% in Government Transfer Fees and apply for a License if you purchase above 1 acre for residential or 3 acres for business.

For these purposes land includes whatever is on the land.