Non-Bahamians and all companies incur 10% Value Added Tax (VAT) on transactions.
Legal fees are an average of 2% of the purchase price.
6% on improved/developed property and 10% on vacant property.
*In The Bahamas the seller is typically responsible for paying the real estate commissions. This is subject to change during negotiations if the buyer and seller agree to a different deal structure.
The information presented above is provided as a quick guide only and is subject to governmental changes. Always confirm current policies and laws with your attorney who will have the latest updates!
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