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BELLE HELENE PROPERTIES LTD.
PROPERTY SALES TAXES AND ADDITIONAL FEES (STAMP DUTY)
(A) VENDORS TAX:
(1) A Vendor's tax is payable irrespective of nationality.
An alien individual must pay 10% of the purchase price as vendor's
tax.
(2) A St lucian being a individual or company incorporated
in St Lucia irrespective of the nationality of its directors
and shareholders must pay vendors tax on the purchase price
as stipulated in the tax structure - 1, 2, 3 and 4 below:
1. The first $50,000.00(EC) of the purchase price is tax free
2. The next $25,000.00(EC) is taxable at a rate of 2.5%
3. The next $75,000.00(EC) is taxable at a rate of 3.5%
4. The balance is taxable at a rate of 5 %
(B) PURCHASERS TAX:
A purchaser, irrespective of nationality must pay a Purchasers
tax of 2% of the purchase price
.
A non-St Lucian must pay an aliens landholding license tax
of EC$5000.00 for the purchase of land less than 1 acre. For
land more than 1 acre, the aliens tax is based on a schedule
which is duly enclosed.
An alien purchaser must pay legal fees of approx. 3% of the
purchase price.
You are also required to produce:
•
4 Passport size photographs
•
A Curriculum Vitae
•
2 Bankers references
•
A Police Certificate of Good Character from your Country of
Origin
•
A Set of Your Fingerprints
Alien Licensing Act
LICENCE FEES
License to purchase or to hold land or license for a body corporate or unincorporated
to continue to hold land where the body corporate or unincorporated becomes an
alien company.
Up to 1 Acre……………………………………...……$5,000
Over 1 Acre and up to 10 Acres…………………….
$10,000
Over 10 Acres and up to 20 Acres………………….
$20,000
Over 20 Acres and up to 50 Acres………………….
$30,000
Over 50 Acres and up to 100 Acres………………...$40,000
Over 100 Acres…………………………………….....$50,000
License
to lease land is 2% of the aggregate rental payable in respect of the full
duration of the lease.
License to hold land in trust is 5% of the value of the trust property.
Any other License is $1,500.00 |
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