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Real Estate
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Great Harbour Cay is no doubt an undiscovered jewel for investors. Real estate prices on the island are among the lowest in the Bahamas and elsewhere in the Caribbean. These low real estate prices, combined with the island's privileged geographic location, low unemployment rate, tax free environment, a stable currency, security, and a vibrant community, generate the perfect ingredients for a valuable investment that will also provide years of enjoyment.
One of the most attractive elements of investing in The Bahamas is the tax-free status accorded to income. There are no taxes levied on capital gains, corporate earnings, personal income, sales, inheritance, or dividends. This tax freedom is available to all resident corporations, partnerships, individuals and trusts. Investors are also attracted to the stability of the economy, which is steadied by the solid value of the Bahamian dollar. This currency is pegged to the US dollar on a 1:1 ratio. US dollars and Bahamian dollars are used interchangeably throughout the island chain.
The inducement of a tax-free environment and a stable currency are enhanced by a series of investment incentives that provide relief from customs duties on approved raw materials, equipment, and building supplies, as well as allowing exemptions from business licenses and real property taxes for up to 20 years.
Please contact one of our resident real estate agents, or Great Harbour Management Limited to discuss investment opportunities on the island.
The inducement of a tax-free environment and a stable currency are enhanced by a series of investment incentives that provide relief from customs duties on approved raw materials, equipment, and building supplies, as well as allowing exemptions from business licenses and real property taxes for up to 20 years.
Please contact one of our resident real estate agents, or Great Harbour Management Limited to discuss investment opportunities on the island.
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Stamp Tax on Property Conveyances
The Government Stamp Duty (tax on the conveyance of real property) is a gradual tax. The total amount of the tax is calculated as follows: Value is less than $100,000 there is no Stamp Tax. Value is $100,000 or greater, the stamp tax rate is 2.5%. All property conveyances will pay a 12% Value Added Tax (VAT). The usual practice in the Bahamas is for the tax to be shared equally between buyer and seller unless otherwise agreed upon. Legal fees are calculated based on 5% of property value. Legal fees, as stamp tax, are shared equally between buyer and seller. |
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Real Estate for Sale by Great Harbour Management Limited - email Info@greatharbourcay.com for more information!
Unit 5, Block 82, Lot 18 (flag lot with 20 ft. ocean frontage) $150,000 SOLD Unit 2, Block 13, Lot 44 (flag lot with 20 ft. ocean frontage) $150,000 Unit 2, Block 33, Lot 52 (GH Drive frontage across from large dedicated beach access) $100,000 Unit 3, Block 47, Lots 3 and 6 (deep water canal) $150,000 each Unit 6, Block 98, Lots 4, 15, and 16 (high elevations with Great Bahama Bank water frontage) $175,000 each Unit 6, Block 94, Lots 86, 88, 91, 94, 96, and 99 (high elevations with Great Bahama Bank water frontage) $150,000 each Unit 4, Block 66, Lot 3 (GH Drive frontage corner 21k sq ft multi family) $50,000 Unit 4, Block 68, Lot 8 (GH Drive frontage corner 21k sq ft multi family) $50,000 Tract 3H, (approx. 1.5 acres deep water marina frontage) $300,000 UNDER CONTRACT |
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LOVE BEACH
Beautiful property with 100 linear feet of beach frontage on Love Beach. The area is known for secluded sandy coves and spectacular views of gin clear water. Over half acre of elevated land. Zoned single family residential. Unit 2, Block 13, Lot 32 (22,500 sf lot 100 x 225). This property is being offered at $250,000 UNDER CONTRACT |