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Property Fees

Fees Associated with Purchasing Property in the Bahamas

The Bahamas Government charges a stamp tax on all real estate sales or transfers. This tax is traditionally split 50/50 between buyer and seller, unless otherwise specified or agreed to by both parties.

The stamp tax is levied as follows:

Government Stamp Tax on Property Sales/Transfers % of Sale Price
Up to $20,000 2%
$20,000.01 to $50,000 4%
$50,000.01 to $100,000 6%
$100,000.01 to $250,000 8%
$250,000.01 and over 10%

Lawyer Fees (required) in respect of the sale and purchase of real estate and the scale fees are usually 2.5 % of sale price.

If you use a broker to sell your property (optional), real estate commissions are typically paid by the seller (and vary depending on the agreement between the broker and seller).

Real Estate Broker Commissions % of Sale Price
Undeveloped land 10%
Developed property (homes, condos) 6%