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% |