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Transfer Tax is coming down

Posted By: Chris

Transfer Tax is coming down - 08/28/06 09:59 PM

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
Posted By: Pedro1

Re: Transfer Tax is coming down - 08/29/06 05:48 PM

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
Posted By: 2MILESNORTHOFCUT

Re: Transfer Tax is coming down - 08/29/06 09:16 PM

More swampland EH?
Posted By: Anonymous

Re: Transfer Tax is coming down - 08/29/06 09:25 PM

A seasonal lake.
Posted By: 2MILESNORTHOFCUT

Re: Transfer Tax is coming down - 08/29/06 09:28 PM

(S.L.), Ok I see gringo. wink
Posted By: Pedro1

Re: Transfer Tax is coming down - 08/30/06 12:05 AM

It is cheaper to fish at Pedro's than anywhere else-we also serve the best baked tarpon on the island
Posted By: Anonymous

Re: Transfer Tax is coming down - 08/30/06 12:41 AM

Is that "Road Kill" Tarpon?
Posted By: Chris

Re: Transfer Tax is coming down - 08/30/06 08:23 PM

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.
Posted By: Dan Carey

Re: Transfer Tax is coming down - 09/02/06 09:41 PM

&nbsp Hey Chris,
does this mean that it will be cheaper for us gringos to buy & sell property in Belize?

&nbsp &nbsp Dan
Posted By: Chris

Re: Transfer Tax is coming down - 09/02/06 10:02 PM

Cheaper to buy, much cheaper. No cheaper to sell, just easier. Buyer pays transfer taxes and closing costs in Belize.
Posted By: Sir Isaac Newton

Re: Transfer Tax is coming down - 09/03/06 12:04 AM

Just imagine if Belize implements a tax on capital gains, lets say at 28% (like the US).

A few points on the front end isn't so bad.

SIN
Posted By: Sir Isaac Newton

Re: Transfer Tax is coming down - 09/03/06 12:06 AM

Damn Pedro, good thing you bought em', are we to see a "FREE PARKING FROM 4 to 10" now?
Posted By: LLL

Re: Transfer Tax is coming down - 09/05/06 06:22 PM

Can someone tell me if the transfer tax has been lowered yet or what date that might happen?
Posted By: Chris

Re: Transfer Tax is coming down - 09/06/06 03:04 AM

This week it's due for signing by the Governor General and then it's law.
Posted By: Ernesto

Re: Transfer Tax is coming down - 09/28/06 01:15 PM

Any word on the transfer tax coming down to 5%, is it official ?
Posted By: Chris

Re: Transfer Tax is coming down - 09/28/06 02:29 PM

It's official. It's law and it is in force.
Posted By: Ernesto

Re: Transfer Tax is coming down - 09/28/06 02:34 PM

Thanks Chris, that's good news !
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