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Is there stamp duty on Cayman Islands shares transfer?
No stamp duty is payable in the Cayman Islands on the transfers of our Shares except those which hold interests in land in the Cayman Islands.
What is the stamp duty in Cayman Brac?
A one-off 7.5% stamp duty is payable on all real estate purchases and transfers. This duty is paid by the buyer of the property on the purchase price or market value whichever one is higher, as determined by the Lands and Survey Department.
What form is used for land transfer in the Cayman Islands?
Section 83 of the Registered Land Act authorizes the use of RL1 when registered land is intended to be transferred. The transfer is normally of a fee simple estate. RL Form 2 is used for a registered leasehold estate. It is essential that the correct form is used to achieve the desired change to the register.
What is the indirect tax in the Cayman Islands?
There are also no estate or inheritance taxes payable on Cayman Islands real estate or other assets held in the Cayman Islands. Indirect taxation is, however, levied against most imported goods, typically in the range of 22% to 25%, although certain items can be taxed at 5% or are exempt altogether.
What is the transfer tax in the Cayman Islands?
Stamp duties Stamp duty is paid, generally at a rate of 7.5%, on transfers of Cayman Islands immovable property.
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Steps to submit Notice of Transfer of Land in Belize Gather supporting documentation. List of Supporting documentation. Complete Notice for Transfer of Land in Belize form. Download Notice for Transfer of Land form. Email completed form and supporting documentation.
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