TCI Government reduces stamp duty on immovable property
In an effort to stimulate economic activity in the Turks and Caicos Islands, the Government has launched a new Stamp Duty Waiver Policy. The stamp duty waiver on immovable property is available to all eligible applicants that transact a transfer of immovable property or any real right over such property made on or after the 21st September 2020 but before 20th December 2020. Provided that the transaction is completed during the above-mentioned period. The stamp duty waiver granted would be as follows: 75% reduction of stamp duty on the transfer of immovable property or any real right such property, valued up …
