Associated Costs
These are the normal fees you should expect to pay on a real Estate transaction in The Bahamas.
| Legal fees | |
| Paid by each party | 2½% of the consideration |
| Stamp tax usually split between buyer and seller. | |
| 2% | up to $20,000 |
| 4% | $20,001 to $50,000 |
| 6% | $50,001 to $100,000 |
| 8% | $100,001 to $250,000 |
| 10% | $250,001 upwards |
| Recording fees | $3.50 per page (paid by buyer) |
| Real Property Tax: | |
| Owner Occupied Property | |
| First $100,000 | No Tax | Next $100,000 to $500,000 | 1% |
| Balance over $500,000 | 1 ½% |
| Vacant Land | |
| First $3,000 | $30 |
| $3,001 to $100,000 | 1% |
| Balance | 1.5% |
| Other Property | |
| First $500,000 | 1% |
| Over $500,000 | 2% |
| Basic Commission Rates | |
| Nassau | |
| Unimproved | 10% |
| Developed | 6% |
| Out Islands | |
| Unimproved | 10% |
| Developed | 6% |