Stamp Duty

Stamp duty for non-Caymanian buyers continues to be levied at 7.5% across all 3 islands.

However, Land and properties across the entire Cayman Islands are now treated equally, meaning First-time Caymanian buyers of property valued up to $550,000 will no longer have to pay stamp duty, or have reduced rates, regardless of location.

First Time Caymanian Buyers

Properties valued at $550,000 or less - $0.00 stamp duty
Land valued at $250,000 or less - $0.00 stamp duty
Properties valued at between $550,000 and $650,000 - 3.75% stamp duty on the amount over the $550,000 threshold
Land over $250,000 but below $350,000 - 3.75% stamp duty on the amount over the $350,000 threshold
Properties over $650,000 or land over $350,000 - 7.5% Stamp duty

Second-home purchases by Caymanians are be charged 3.75% stamp duty for properties worth $600,000 or less, or a second plot of land valued up to $300,000.

Couples and groups of Caymanians buying together pay 3.75% on second properties valued up to $700,000 and land worth up to $550,000.