Properties Jamaica | Jamaica Real Estate Portal

Stamp Duty & Transfer Tax Cuts Brought Forward

In April of this year, the Minister of Finance and the Public Service – Audley Shaw – announced in Parliament that effective January 1, 2010, stamp duty would be reduced from 4.5% to 3%, and transfer tax from 5% to 4%. This was seen as an effort to help boost Jamaica’s ailing real estate market, […]

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Jamaica’s Real Estate Sector Needs A Stimulus Package?

Deborah Cumming, First vice-president of the Realtors’ Association of Jamaica, wrote a letter to the Gleaner newspaper editor. It is featured in today’s Gleaner. She writes that the recently announced reduction in stamp duty and transfer tax is commendable, but it is not a short-term stimulus. She also highlights that the Realtors are very concerned […]

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Reduction in Stamp Duty & Transfer Tax Likely To Boost Jamaica’s Real Estate Market

Just last week, the Minister of Finance and the Public Service Audley Shaw announced in Parliament that effective January 1, 2010, stamp duty will be reduced from 4.5% to 3%, and transfer tax from 5% to 4% and it seems very likely that these reductions will help to boost Jamaica’s ailing real estate market. Obviously […]

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