Buying property

• No restrictions to non-nationals purchasing property in St. Lucia
• Nil Capital Gains Tax
• Nil Inheritance Tax

 Transaction Costs:

• Attorney Fees are 1% – 2% plus 17.5% VAT

Purchase Procedure:

• Verbal offer and acceptance
• Appointment of an attorney-at-law
• Exchange of contracts for sale and payment of a 10% deposit to the vendor’s attorney-at-law. The remaining 90% of the balance due is paid at time of conveyance.
• Conveyance time is approximately three months

The freehold title may be in an individual’s name or through a corporate vehicle set up to own the property. Non-residents of St. Lucia tend to purchase property through a company which may be incorporated outside of St. Lucia.

Overseas purchasers can secure a 50% to 65% mortgage through a bank in St. Lucia.

Selling Property

• Nil Capital Gains Tax
• Nil Inheritance Tax
• Stamp Duty is 1% (nil if owned by offshore company)
• Property transfer tax is 2.5% (nil if owned by offshore company)
• Attorney Fees are 1% – 2% plus 17.5% VAT
• Real Estate agent’s fees are 4% to 5% plus 17.5% VAT

Selling Procedure:

• Verbal offer and acceptance
• Appointment of an Attorney-at-law
• Exchange of contracts for sale and payment of a 10% deposit to the attorney-at-law. The remaining 90% of the balance is paid at time of conveyance.