Sales Reources

For Vendors

Need help Selling or Leasing your property? Don't know what it's worth?

Interested in selling or leasing your property but don't know what it is worth? Or perhaps you don't have the time or resources to effectively market your property.

Whatever the scenario, why do it alone when right at your disposal is a team of experienced professionals waiting to assist you. With over 40 years of experience in the Bahamian real estate market let us help determine the most appropriate price to sell or lease your property.

In addition, utilize our comprehensive marketing program which consists of customized brochures, local and international advertisement, highly visible internet listings and an extensive network of investors. To learn more contact us today for a free consultation.

Seller's Guide

Stamp Duties & Taxes

The Government Stamp Tax on Property Conveyances A graduated tax is payable on the conveyance of all real property in The Bahamas based on the value as follows:

  • Up to and including $20,000 - 2%
  • From $20,000.01 to $50,000 - 4%
  • From $50,000.01 to $100,000 - 6%
  • From $100,000.01 to $250,000 - 8%
  • Over 250,000.01 and over - 10%

The usual practice in the Bahamas is for the tax to be shared equally between buyer and seller unless otherwise agreed upon.

Real Property Tax

Owner-occupied Property

Owner-occupied property means property occupied by a person who being the owner in fee simple or a mortgagee in possession occupies and resides in such property exclusively as a dwelling house.

>The rate of tax is calculated as follows:

  • The first $250,000 is exempt from payment of taxes.
  • Next $250,000 taxes are paid at the rate of ¾%.
  • The Balance taxes are paid at the rate of 1%.
  • Note that the maximum annual tax shall not exceed $35,000.
  • There is no exemption under this section for property used solely for commercial purposes.

Vacant Land

  • The first $3,000 the property owner would pay $30.00.
  • On the next $97,000.00 taxes are paid at the rate of 1%.
  • On the Balance taxes are paid at the rate of 1 ½%.

Any Other Property (commercial)

  • On the first $500,000 taxes are paid at a rate of 1%.
  • On the Balance taxes are paid at a rate of 2%.

Schedule of Fees

  • Application for registration - $25.00
  • Application for permit - $25.00
  • Certificate of registration:

    • the value of the property is $50,000 or less - $50.00
    • the value of the property is over $50,000 but under $101,000 - $75.00
    • the value of the property is $101,000 and over - $100.00
    • Home owner resident card - $500.00

    More information coming soon.