NEVIS REAL ESTATE TAX LAWS CHANGE JULY 1, 2005

Great news for buyers!!!

As of July 1, 2005, taxes on buying properties have changed - making it less expensive for non-Nevisians to afford a piece of paradise!!

For contracts signed after July 1, the sellers must pay the whole Stamp Duty charge of 12 percent of the purchase price. (Previously it was split 6 percent for the buyer and 6 percent for the seller).

Buyers who are not citizens of St. Kitts-Nevis must still pay the 10 percent cost of obtaining an Alien Landholders License. In addition, legal fees (as recommended by the local bar association) remain about 2 percent of the purchase price.

To summarize, it will now cost buyers 12 percent to purchase a home on Nevis; sellers will pay 12 percent Stamp Duty plus real estate commissions if any apply.

• Home
• Nevis Weather
• Map of Nevis
• Island History
• Tax Information ^NEW!
• Montpelier Plantation Inn
• Caribbean Books
• Vacation Rentals
• Caribbean Blog
• Contact Us

Location:

• St. Kitts & Nevis are located in the northern part of the Leeward Islands in the eastern Caribbean (19 degrees north of the equator) and separated by a 2 mile wide channel.

Size:

• 36-square-miles, Nevis is 7 miles long and 5 miles wide and topped by the 3,232 ft Nevis Peak picture above on the left.