Selling Guide
Selling a property in Barbados need not be stressful. We're here to help you every step of the way.
Selling Guide
- Nil Capital Gains Tax
- Nil Inheritance Tax
- Stamp Duty is 1% (nil if owned by offshore company)
- Property transfer tax is 2.5% (nil if owned by offshore company)
- Attorney Fees are 1% – 2% plus 17.5% VAT
- Real Estate agent’s fees are 4% to 5% plus 17.5% VAT
Selling Procedure
- Verbal offer and acceptance
- Appointment of an attorney-at-law
- Exchange of contracts within two to four weeks
- Provision of copies of prior deeds
- Draft conveyance sent to the purchaser’s attorney for perusal
- Signing of conveyance within two to six months
- Land tax bills and water bills must be fully paid up
- Provision of contents inventory
Prepare To Go To Market
We kindly ask that you prepare the following in order for us to provide the highest of level of service and representation of your property.
As interest is generated we need to be armed with the materials buyers need to know in order and to keep the buyers engaged while their interest is peaked.
Selling Procedure
Please take steps to ensure these documents are ready before or soon after the property is listed live on our marketing channels and global networks to avoid delays in the legal process once an offer is accepted.
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