Posted: Friday, November 3, 2017. 3:37 p.m. CST.
By BBN Staff: The Government Press Office today informed the public that the Stamp Duties (Amendment) (No. 2) Act, 2017 came into force on November 1st, 2017.
The rate of stamp duty on transfer of land to a Belizean (or CARICOM) national whether by sale, exchange, gift, or testamentary disposition remains 5% on the consideration or value of the land in excess of $20,000 and in the case of transfer of land to any other person the rate of stamp duty is 8%.
The above rates of stamp duty will apply to other land transactions as specified in the Stamp Duties Act, Chapter 64, Substantive Laws of Belize, Revised Edition 2011, as amended, GOB informed.
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