Nobody likes paying taxes. Yes, they're something we have to live with, but it is possible to minimize their impact on the strength of your investments! If you invest in Cayman property you have the ability to protect the growth of your wealth. Seriously! With no annual property tax, just a one time stamp duty - or transfer tax - on the purchase of property. It is a fixed rate at 7.5% of the purchase price after the value of furniture and chattels are deducted.
How does that compare to the U.S. and other jurisdictions? They have an annual tax anywhere from 5-7% of the property value. Here in the Cayman Islands, there's no tax on the income, selling, inheritance, or capital gains on the home - it's a one time duty. There are no restrictions of foreigners purchasing in Cayman...What could be a safer investment?
There are different values associated with the "tax" according to your particular purchase. If you have questions pertaining to a specific home or location, or are interested in knowing about the various options and opportunities, then please call or email for more guidance. We would love to help bring you to paradise.
How does that compare to the U.S. and other jurisdictions? They have an annual tax anywhere from 5-7% of the property value. Here in the Cayman Islands, there's no tax on the income, selling, inheritance, or capital gains on the home - it's a one time duty. There are no restrictions of foreigners purchasing in Cayman...What could be a safer investment?
There are different values associated with the "tax" according to your particular purchase. If you have questions pertaining to a specific home or location, or are interested in knowing about the various options and opportunities, then please call or email for more guidance. We would love to help bring you to paradise.
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