Conveyance or transfer on sale of land fees:
Land transfer or general transfer stamp fees are based on the value of the transaction. The fee is calculated on a sliding scale, with different portions of the transfer taxed differently, as follows:
Amount or value | Stamp duty fees |
On the first $100,000 | 2.1 per cent |
On the next $400,000 (up to $500,000) | 3.15 per cent |
On the next $500,000 (up to $1 million) | 4.20 per cent |
On the next $500,000 (up to $1.5 million) | 6.3 per cent |
Thereafter (over $1.5 million) | 7.35 per cent |
Lease agreements:
The stamp duty payable on lease agreements is as follows:
Term Lease | Stamp duty |
Up to three years | 1.05% of the aggregate rent payable for the term of the lease |
More than three years | 1.05% of the aggregate rent payable for the first three years of the lease, plus 0.5% of the aggregate rent payable for any additional period beyond three years |
Duplicate copies are stamped for $27.
Source: Government of Bermuda
