Real estate duties, taxes and fees in Trinidad and Tobago

AREA welcomes the Government’s much needed adjustment to the Stamp Duty regulations. Previously the threshold for exemption from Duty was $450,000 but with the dramatic increase in house values, this threshold was far too low to be effective in giving relief even at the low end of the property market.

The new threshold has been raised to $850,000 which will make a significant difference to closing costs, particularly since the Government has also adjusted the percentages of Duty paid on the sliding scale of charges.

The details of the new Stamp Duty calculations are included in the following document – Click Here

This entry was posted in AREA Articles. Bookmark this page.