BUYING IN ANTIGUA
Tamarind Hills – buying a property
Buying a luxury villa or apartment at Tamarind Hills is easy and straightforward. Here are the answers to some of the most frequently asked questions.
What are the payment terms for purchasing at Tamarind Hills?
US$6,000 reservation fee
10% deposit on signing of contracts
30% on foundation
30% on completion of roof
25% on practical completion
5% on handover.
What taxes and other costs are involved?
The usual purchase costs for non-nationals in Antigua are 7.5% of the value of the purchase. This is made up of 2.5% stamp duty, and 5% for the Alien Landholding license.
However, Island Heights Ltd, developers of the project, has received the highest levels of concessions available from the Antiguan Government. This includes passing on a 75% waiver of purchase taxes to first time buyers of Tamarind Hills properties, reducing the 7.5% tax to 1.875%. This exclusive offer is not available elsewhere in the Antigua real estate market.
There are no estate duties in Antigua, there is an annual property tax currently 0.03%
