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Stamp duty calculator Trinidad and Tobago

When you buy property, the deed of conveyance has to be stamped by the Inland Revenue Division and the duty paid. Your attorney usually handles it, but the cost is yours.

Enter the price to see the duty under the residential rates, with or without the first-time homeowner exemption.

What are you buying?

How it's calculated

  1. House, or house and land: the first TT$850,000 is exempt. The next part up to TT$1,250,000 pays 3%, the part up to TT$1,750,000 pays 5%, and the rest 7.5%.
  2. First-time homeowners: the exemption rises to TT$1,500,000. Value above that pays the rate of the band it falls in.
  3. Residential land only: the first TT$450,000 is exempt, then 2% up to TT$650,000, 5% up to TT$850,000 and 7% on the rest.

An example

A house bought for TT$1,500,000 pays TT$24,500 of stamp duty. If every buyer is a first-time homeowner, it pays nothing.

Frequently asked questions

Who counts as a first-time homeowner?

Every buyer on the deed has to be buying a home for the first time. If one of them is not, the exemption drops back to TT$850,000.

Do I have to live in the house to get the exemption?

No, the property does not have to be owner-occupied. But if it stops being used mainly as a home within two years, part or all of the exempted duty becomes payable.

Does the exemption cover the mortgage deed?

Yes. For first-time homeowners the deed of mortgage is exempt up to the same TT$1,500,000. This calculator shows the duty on the conveyance only.

Can I still claim the first home deduction on my income tax?

Yes. The stamp duty exemption does not stop you claiming the first-time home allowance on your income tax return.

Key terms

Deed of conveyance
The legal document that transfers ownership of the property to you.
Stamp duty
A tax on certain legal documents, paid when they are stamped by the Inland Revenue Division.

Up-to-date official data

Data checked against the official source on .

We check the official sources automatically, every day.

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