Cayman Stamp Duty Changes
While new contracts entered into from the 1st of January 2020 cannot qualify for the stamp duty savings, the position for existing contracts, pre-2020, was not clear. Would the stamp duty savings associated with those connected contracts still be available? To help explain the Cayman stamp duty changes, and the potential impact on buyers, Kate Ryley enlisted the help of Tim Swallow, an attorney at the local law firm, Appleby.
Do I need a lawyer to buy a house?
From the offer to purchase to closing, a property transaction is a legal contract between a seller and a buyer. That is why we always, and I mean always, recommend you engage an attorney who specializes in local real estate transactions. It will ease the contractual process, but more importantly, it will protect you and your interests.
Maximize your vacation rental property income.
The current landscape has disrupted Cayman’s vacation rental property market. While tourists may be dreaming of our white sandy beaches more than ever, travel restrictions and our border closures mean those visits will, unfortunately, have to wait. Our team weighs in with advice for vacation rental property owners to minimize their risk.
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