Real estate industry absorbs impact of stamp duty increase
Cayman’s new top tax rate for high-end properties is likely to have some initial cooling effect, but no drastic long-term impact on the islands’ property market, realtors believe.
Government’s decision to introduce a top 10% band of stamp duty for homes worth over $2 million is still being absorbed by the industry, which was not consulted prior to this month’s announcement.
Some have questioned whether the amount government can expect to generate from the new tax – approximately $12 million – is worthwhile in the context of an annual budget of over $1 billion. For a more complete summary of the story, please see the below link:
Published on: Nov 27, 2025 09:19 PM