Realtors unworried as Parliament approves 10% luxury property stamp duty
Realtors remain sanguine as Parliament approved a stamp duty increase for land and properties worth $2 million and above that takes effect on 1 Jan. 2026.
On 14 Nov., Minister of Finance and Economic Development, Rolston Anglin, announced that stamp duty on property and land worth $2 million would increase to 10% from 7.5%. On 12 Dec. that measure was passed by Parliament and the regulations approved on 15 Dec. confirmed the change will apply from 1 Jan. 2026. For a more complete summary of the story, please see the below link:
Published on: Dec 19, 2025 03:32 PM