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#126753 08/28/06 03:59 PM
Joined: May 2000
Posts: 1,191
Chris Offline OP
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Finally some good news...the proposed reduction in Stamp Transfer Tax went through its second reading on Friday in the House of Representatives (Belize) without objection. It's off to the Belize Senate for ratification (a formality) and thence to the Governor General for his signature. After that it's law.

http://www.pelicanpropertiesbelize.com/#taxinfo for details

Joined: Nov 2002
Posts: 3,035
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even better news is that the first 20,000bzd are totally free of tax-good news for me as I have just purchased the two front lots at Pedro's

Joined: Mar 2005
Posts: 1,971
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More swampland EH?


I want to be just like Capt Jeff when I grow up!
A
Anonymous
Anonymous
A
A seasonal lake.

Joined: Mar 2005
Posts: 1,971
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(S.L.), Ok I see gringo. wink


I want to be just like Capt Jeff when I grow up!
Joined: Nov 2002
Posts: 3,035
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It is cheaper to fish at Pedro's than anywhere else-we also serve the best baked tarpon on the island

A
Anonymous
Anonymous
A
Is that "Road Kill" Tarpon?

Joined: May 2000
Posts: 1,191
Chris Offline OP
OP Offline
Latest on Transfer Tax...the bill is going to the senate on Thursday, it'll pass through there and then it's off to the Governor General for signature.

Joined: Aug 2005
Posts: 504
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&nbsp Hey Chris,
does this mean that it will be cheaper for us gringos to buy & sell property in Belize?

&nbsp &nbsp Dan


"Facts are the enemy of Truth"
Don Quixote
Joined: May 2000
Posts: 1,191
Chris Offline OP
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Cheaper to buy, much cheaper. No cheaper to sell, just easier. Buyer pays transfer taxes and closing costs in Belize.

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