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Costs of Purchasing and Management, by Alessandro Valgimigli of 7th Heaven Properties
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THE BAHAMASTHE BAHAMASBUYING KNOW HOW - JUNE 2013
Costs of Purchasing Costs of Purchasing
Buyer’s Fees 7.5 - 8%
Registration Fees US$ 100 – US$ 650
Legal Fees 2.5% up to US$ 500.000; 2% up to 1.000.000; ecc.
Stamp Duty 10% over US$ 100.000 (it is tipically split between buyer and seller)
Management Costs & OtherManagement Costs & OtherCapital Gain 0
Inheritance 0
Tax on Rent Stamp duties are due when leasing real properties in the Bahamas. The duty is levied on the annual rent and the rates vary depending on the duration of the lease
Property Tax 1% on all value over US$ 100.000
Deposit Tipically 10%; it will be paid in escrow
Management Fees Individual rental unit: 10% of the rental income, paid monthly
Currency 0.75 $ (Italy 1.23 $)
Business CardBusiness Card
Alessandro Valgimigli
Agente 7th Heaven Properties per l’Italia
Sede operativa c/o Aladin Real Estate
Viale S. Allende n. 54 a Ravenna
Mobile phone +39 328 8711132
