AmbergrisCaye.com Home Forums The Cayes Ambergris Caye Reef Village Development

Great, Loansum. I plan on being there from the end of the year through Feb, maybe into the middle of March, at least. We will get together for sure then. I'm happy the weather is being kind. When we were there in Sept, the weather was just wonderful, too. One of the many things about AC that I appreciate.

Sounds great!

Does anyone know what the units are selling for now? 1/1 Condo on 3rd floor?

Check the website....www.reefvillagebelize.com . It is pretty up to date now.

Well...I just came back from Reef Village. I think "H" has a lot of the fundation in...complex looks great. I do hope they landscape a little better after all the construction.

Hey Lamb. Did you take any pictures? If you did, I'd love to see them.

Yes I took some pictures. Here is my [email protected] can send me your e-mail and I will send some pictures.

Let me ask everyone a question. I am putting my condo in a corp. set up in Belize. I understand by doing so that I can sell it by just selling my shares in the corp. and therefore helping someone save the 5% Belize Tax on RE. Have you all done the same and is there really any benefit for setting up your condo in a Belizian Corp.?

TIA

I don't know about that. I will ask my honey, cause if there is a way to save a dollar, he'll know. I am sure he's checked that out, but I don't remember how it worked. I'm sending you my email, please forward pictures...tankuverimuch.

NO Lambsblood you are mistaken. You are referring to a practice that is no longer a loop hole in the law. And even back then the stamp duty rate was 3%, not free.

The 5% stamp duty also applies to corporate shares that encompass ownership of some form of real estate. If you sell your shares to a non-Belizean he/she must obtain approval from the Solicitor General's office before the sale can go through.

An attorney would be better able to advise you on the benefits of a Belizean Corporation.