The real estate sector on the Cayman Islands has welcomed the news that the government is to extend yet again the reduced rates of stamp duty first introduced in November 2001.
The announcement by the government in a statement last Friday ends recent uncertainty in the property market, with the 5% tax regime (reduced from 9%)set to continue until further notice. The reduced rates were due to expire on January 11th, making it the fourth time the temporary period has been extended since the lower rates were introduced.
The government has also extended until further notice the 50% reduction in infrastructure and building permit fees brought in when the measures were last extended in November 2003.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment