Barbados Property Tax Guide
The mention of 'No Property Tax' on Breaking Dawn feature, referred to Residential Land up to 150,000 BBDBarbados offers some of the most attractive property tax rules in the Caribbean. For residential homeowners, the country currently charges no annual land tax for a residential property valued up to BBD 150,000 and no capital gains tax on real estate sales. This makes it ideal for both personal use and long-term investment.
There may be minor land tax assessments for commercial or undeveloped land, but exemptions often apply. During the purchase process, a one-time stamp duty and property transfer tax are typically paid by the seller, not the buyer.
RE/MAX Sunset Realty Barbados can guide you through the full tax implications of your purchase and connect you with experienced legal counsel to ensure a smooth process.