To confirm Brigitte's information. The following was posted by Seagrape49 on 6/13/2006:

"Quote:
In other legislation introduced today stamp duties on the sale of land were modified to more realistic rates. The new system allows for no tax on transfers from zero to twenty thousand dollars in value, five percent on the next twenty to two hundred thousand and ten percent on any additional amounts above two hundred thousand. The new bill also abolishes the old distinctions between local, CARICOM and foreign purchasers.
This lowers the tax on a $250,000 sale from $37,500 to $14,000 if I did the math right. I wouldn't expect many real estate deals before this tax rationalization measure takes effect, hopefully soon."
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