Reduction in stamp tax to stimulate housing market in the Bahamas

Rental Cottage at North Palmetto Point in the Bahamas. PHOTO/File

With the government of Bahamas recent approval of a 2 percent reduction in the country's stamp tax, there has never been a better time to invest said Rachel Pinder, principle broker at Island Living Real Estate.

The stamp tax, which was originally set at 12 percent in 2010, was reduced to 10 percent for all properties worth more than US$250,000.

According to Pinder, when the stamp tax was first introduced at 12

More details here...