The Property Banks Buyers Guide to Turks & Caicos
The Turks and Caicos islands has an
open real estate market that does not require residency or any other
permit to purchase real estate. The Turks and Caicos real estate
market is free and open to everyone and any nationality may purchase
and hold land. There are no annual property taxes, nor any capital
gains tax levied on the disposal of property. The government in
Turks and Caicos provides an efficient and secure means of property
registration. As a well established offshore finance and banking
center, Turks and Caicos holds all information in strict confidence
and confidentiality of land holdings may be enhanced through
establishment of a local land holding company. A growing
professional community of architects and builders are available to
assist with all aspect of the development process. The procedure for
purchasing real estate throughout Turks and Caicos is very
straightforward. Title is freehold and guaranteed by the crown which
eliminates the need for title insurance. A Turks and Caicos Planning
Department oversees building codes and development plans.
Buying real estate in Turks and Caicos is very easy.
In Turks and Caicos has a land registry system called The Torrens
System of Land Registry. This Registry System is a crown guarantee
and is, available for public inspection and discloses all ownership
information. This gives absolute title to property and there is
needed no further government consents. There is a one time land
transfer tax though, called Stamp Duty which is a tax of 0 to 3%
based on property value in lesser developed islands and 0 to 9.75%
on Providenciales. This Stamp Duty is due to the government within
30 day of completion of sale. There is no land tax on property owned
in Turks and Caicos.
The Turks and Caicos Islands real estate investment values are
skyrocketing.
The Turks and Caicos Islands are warm and sunny year round!
Turks and Caicos provides "worry-free" real estate and condo
ownership
Turks and Caicos has no income taxes.
Turks and Caicos has no property taxes.
Turks and Caicos has no capital gains taxes.
Turks and Caicos has no inheritance taxes.