Stamp Duties & Taxes
The Government Stamp Tax on Property Conveyances A graduated tax is payable on the conveyance of all real property in The Bahamas based on the value as follows:
- Up to and including $20,000 - 2%
- From $20,000.01 to $50,000 - 4%
- From $50,000.01 to $100,000 - 6%
- From $100,000.01 to $250,000 - 8%
- Over 250,000.01 and over - 10%
The usual practice in the Bahamas is for the tax to be shared equally between buyer and seller unless otherwise agreed upon.