Luxury Caribbean 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?
 For all properties there is a US$10,000 reservation fee, that takes the property off the market for 30 days while the contracts are exchanged. For finished properties the deposit is 25%, with the balance due once the non citizens license has been received (when applicable).

For off plan properties the typical payment plan is:

25% deposit on signing of contracts
25% on foundation
25% on completion of roof
20% 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 Non Citizens license.

There are no estate duties in Antigua, there is an annual property tax currently at 0.02% of the land value and 0.03% of the building value.

It is recommended that all buyers seek professional advise as to the most tax efficient method of ownership. In Antigua Grant Thornton are the recognized experts in this field and we can make introductions. We can also recommend a panel of local attorneys to manage the conveyancing, the Non Citizens License application or the Antiguan Citizenship by Investment application .

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