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
