Local Laws & Taxes

Unspoiled beaches, friendly people, relaxation. It is easy to be sucked in by the laid-back atmosphere, and Tobago is the perfect place for that. 

Purchasing In Tobago

A few things to know about purchasing property in Tobago

  • Non Nationals are permitted to purchase up to five acres for commercial purposes and one acre for residential pending approval of license application.
  • It is required that all monies for the purchase must be shown coming from abroad in some form of foreign currency.
  • A local solicitor must be hired to do all the necessary searches for the property to ensure that the property is being sold with vacant possession.

STAMP DUTY

• Residential Deeds – (Property)
NB. For this to apply we need Valuation Report, Land and Building Tax Receipt, WASA Receipt and Clearance certificate.
• Non-Residential Deeds – (Land Only)

LEGAL FEES

• (ESTIMATE) – 1.5%

CONVEYANCE CHARGES AND COSTS

• Legal fees 1.5%

• Search fees $1000.00

• Registration fees $100.00 (No VAT)

• Oath/Copies $100.00

• Preparing Contract $600.00

• Preparing Land Tax Return $450.00

• Preparing Foreign Investment Return $450.00

• Obtaining Valuation Report $600.00

• Stamp Duty calculated as below (No VAT)

• VAT 15% on all except on:- Stamp Duty and Registration fee.