Information on St. Kitts and Nevis Real Estate:

Stamp duties are payable by the seller on real estate transactions, and are taxed  on the assessed market value of the property at the following rates:

St. Kitts real estate and Nevis real estate legal fees are approximately 2% of the gross purchase price.

There is a house and land tax in the Federation, this tax is charged at various rates depending on the size and nature of the real estate concerned. In Special Development Areas, such as the South East Peninsula on St. Kitts, there is a tax of 0.5% of the assessed market value of the land, or land and improvements. The newly enacted Property Tax Act of 2006, has introduced a new method of calculating property taxes. Additional information is available on the St. Kitts and Nevis Inland Revenue Department's website. It seems that the new tax rate should be approximately 0.2% of the assessed market value of the land, or land and improvements.

Foreign nationals are required to apply for an Alien Landholding Licence in order to acquire real estate in the Federation of St. Kitts and Nevis. The Government's fee for an Alien Landholders Licence is 10% of the gross purchase price. Applicants should allow a minimum of 90 days for the application process. Real estate in Frigate Bay and a few other designated areas, such as Beaumont Park, are exempt from the licence fee.