June 01, 2010 - TURKS & CAICOS GOVERNMENT MAKES BUYING PROPERTY EASIER
The idea of purchasing a home in the caribbean is a dream for many. It offers you time to spend with your family in an idyllic location, a place where memories are made that will last a life time, even a place that you may benfit from financially when you are not using it.
The Turks and Caicos Government has made this dream more attainable by reducing Stamp Duty on a long term basis and also giving you the choice to pay Stamp Duty as one lump sum or in stages over a 4 year period. The reduced Stamp Duty rates are 4%, 6%, and 8%. Property purchases Three Million US Dollars or more will now be charged a Stamp Duty rate of 10% of the purchase price. This amount can be reduced to 9% if the buyer pays Stamp Duty in full as a one time payment instead of the alternative of four payments over a four year period. These new stamp duty rates apply to all of the islands in Turks & Caicos except North Caicos, Middle Caicos, East Caicos, South Caicos, Grand Turk, and Salt Cay where the stamp duty rates are 50% less than the above mentioned rates.
Less than $25,000 --- no duty.
$25,000-500,000 --- 4% (four payments of 1% or 3.6% if paid in one installment)
$500,000-1.5 million --- 6% ( four payments of 1.5% or 5.4% if paid in one installment)
$1,500,000 -3 million --- 8% ( four payments of 2% or 7.2% if paid in one installment)
More than $3 million --- 10% (four payments of 2.5% or 9% if paid in one installment)
This reduction in stamp duty along with a reduction in property prices helps to make the real estate market in Turks & Caicos more attractive to buyers and investors. Take advantage of this opportunity and buy your dream property today.
April 22, 2010 - HASSLE FREE WORRY FREE PROPERTY OWNERSHIP IN TURKS & CAICOS
The Alexandra Resort has a new Fractional Ownership program offering you another way to call Turks & Caicos home! For just a fraction of the cost you can enjoy all the assets and amenities of a vacation home that would normally cost so much more!
Here are just a few great reasons why Fractional Ownership at Alexandra Resort might be perfect for you!
· Location, Location & Location – Alexandra Resort is located on Grace Bay Beach, considered by many as one of the World’s Best Beaches
· Hassle free; Worry free – Staff will provide unparalleled service to make your stays on island as comfortable and hassle free as possible
· Financial Sensibility – The dollars you spend on a home should coincide with the hours you spend enjoying it.
· Flexible & Convenient – Stay in your home, share it with relatives, exchange it with non-owners or rent it, or use it for your own personal use.
We are now taking reservations for our 2-Bedroom Penthouse Ocean View Residence. Contact us sales@prestigiousproperties.com or 649-946-4379 for more details.
GREAT PRICES / Great Deals
An Announcement From The Ministry Of Natural Resource, Fisheries & The Environment
Effective immediately the general public is hereby advised that the Government has reintroduced the economic stimulus programme as it regards stamp duty on all land transactions and Belonger discount of Crown Land.
Stamp duty on ALL land transactions is now reduced to 6% on Providenciales and 3% in the rest of the Turks and Caicos Islands until March 31, 2009.
Further, the 10% discount applicable to leases or offers of Crown Land where the option of freehold is taken up before March 31, 2009 will be increased to 25%.
The Ministry Of Natural Resources is therefore encouraging the public to capitalize on this one time offer.