Property Taxes

A Jamaican property vendor and/or seller will have certain costs which are fixed as a percentage and those which will vary, also as a percentage. Below we set out the rates most commonly encountered and advise that there may be some variation given special circumstances or arrangements

Transfer Tax (fixed rate) 7.5% of selling price
Stamp Duty (a fixed rate of 5.5% shared) 2.25%of selling price
Registration fee (a fixed multiplier shared of 0.05% to 0. 0.0025% of selling price
Legal Fees (variable) 2.0%-3.5%

Real Estate Agents Commission (variable) the norm being 5.0% of the selling price

GCT (General Consumption tax) on the Agents fees and the legal fees.