Transfer tax and stamp duty calculator Jamaica
When land or a house changes hands in Jamaica, TAJ charges transfer tax on the market value and stamp duty on the documents.
Enter the price and the mortgage, if there is one, to see both taxes before you sign.
How it's calculated
- Transfer tax: 2% of the market value of the property.
- Stamp duty on the agreement for sale and transfer: J$5,000 when the price is J$500,000 or more, and J$100 below that.
- Stamp duty on a mortgage of land: the same J$5,000 or J$100, plus a surcharge of one quarter of the duty.
- Both are due within 30 days of the date of the document. Late payment carries a penalty of 100% of the duty.
An example
For a J$25,000,000 house bought with a J$20,000,000 mortgage, transfer tax is J$500,000, stamp duty on the sale is J$5,000 and stamp duty on the mortgage is J$6,250.
Frequently asked questions
How much is transfer tax in Jamaica?
2% of the market value of the property, paid together with the stamp duty.
Is stamp duty a percentage of the price?
No. On an agreement for sale or a transfer it is a flat J$5,000 when the price is J$500,000 or more.
Are there other closing costs?
Yes. Attorney's fees, registration of the title and the lender's own fees are extra. This page only covers the taxes TAJ collects.
Key terms
- Transfer tax
- A tax on the transfer of land, worked out on its market value.
- Stamp duty
- A tax on legal documents such as agreements for sale, transfers and mortgages.
Up-to-date official data
Data checked against the official source on .
We check the official sources automatically, every day.
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