Turks and Caicos Real Estate - Stamp Duty

Stamp Duty Reduction!
The Government of Turks and Caicos Islands has just
announced a reduction in stamp duty from April 1, to June 30, 2008. 

Stamp duty is a one-time tax on real estate that is due to the government each time property changes hands.
Purchasers up until now have paid 9.75% on property but now  for this limited period of time the amount
is being reduced to just 6%.* 

* Subject to the formalization of government amendments.