Selling a property in Barbados need not be stressful. We're here to help you every step of the way.
Nil Capital Gains Tax
Nil Inheritance Tax
Stamp Duty is 1% (nil if owned by offshore company)
Property transfer tax is 2.5% (nil if owned by offshore company)
Attorney Fees are 1% – 2% plus 17.5% VAT
Real Estate agent’s fees are 4% to 5% plus 17.5% VAT
Verbal offer and acceptance
Appointment of an attorney-at-law
Exchange of contracts within two to four weeks
Provision of copies of prior deeds
Draft conveyance sent to the purchaser’s attorney for perusal
Signing of conveyance within two to six months
Land tax bills and water bills must be fully paid up
Provision of contents inventory
Prepare To Go To Market
We kindly ask that you prepare the following in order for us to provide the highest of level of service and representation of your property.
As interest is generated we need to be armed with the materials buyers need to know in order and to keep the buyers engaged while their interest is peaked.
Please take steps to ensure these documents are ready before or soon after the property is listed live on our marketing channels and global networks to avoid delays in the legal process once an offer is accepted.