The Developer is responsible for Property Transfer Tax and Stamp Duty.
Each purchaser bears their own legal fees which are based on a scale ranging between 1.5% and 2.0% plus 15% VAT
BUYING PROPERTY IN BARBADOS
There are no restrictions on non-nationals of Barbados buying and owning real estate in Barbados.
There is no Capital Gains Tax on the sale of real estate.
Non-residents must have exchange control permission from the Central Bank of Barbados in order to buy or sell a property in Barbados. This is generally a formality.
