Resources
TAXES & BAHAMAS REAL ESTATE.
In the Bahamas, value added tax is applied to every real estate transaction based on the amount of the consideration.
The VAT Comptroller has the authority to choose the higher value when determining the property’s worth, and may take both the purchase price and the appraisal value into account.
BUYERS GUIDE
This status is typically requested by those who want to retire, start a business, or invest in real estate in The Bahamas. The minimum property investment required to qualify for accelerated consideration for permanent residency is $750,000.
Sellers Guide
When a seller and a buyer have reached an agreement on the terms of a transaction through the broker’s agency, as demonstrated by a cash deposit or written agreement, a commission on the sale is earned and due.
