News Archive

Gov't commits to reducing taxes on land transactions

June 7, 2016

Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Dr Horace Chang (centre), in discussion with Executive of Mortgage Sales at Jamaica National Building Society, Tiffany Gordon (left), at the 50th anniversary symposium of the Realtors Association of Jamaica (RAJ), at the Knutsford Court Hotel, in New Kingston, on June...

Realtors Renew Lobby Against Transfer Tax, Stamp Duty

June 3, 2016

The Realtors Association of Jamaica (RAJ) is already pressing for transfer tax and stamp duty to be rolled back as soon as bailout agreement with the International Monetary Fund (IMF) comes to an end next year. Transfer tax now stands at five per cent and stamp duty at four per cent, each of which were raised by a percentage point since the signing...

Do away with transfer tax and stamp duty — Realtors

June 1, 2016

WINT... a reduction in fees would create additional market President of the Realtors® Association of Jamaica (RAJ), Edwin Wint, recommends that the new Government should do away with transfer tax and stamp duty in a bid to spur economic growth. In fact, the RAJ is now planning to lobby the new Government to consider further reductions or elimination...

Money laundering regulations: impact on estate agencies Money laundering regulations: impact on esta

April 20, 2016

Vivienne Harris reports on discussions about the Money Laundering Regulations and their impact on estate agencies With Her Majesty’s Revenue and Customs (HMRC) now responsible for enforcing money-laundering legislation, compliance is essential for all those in the property industry, especially estate agents. Regulation 5 of the Money Laundering...

Realtor® Urges Government To Lower Real Estate Taxes

March 30, 2016

Deborah Cumming, managing director, Century 21 Heave-Ho Properties. Property sales are up by double-digits, with taxes nearing $9 billion during the last fiscal year, but that hardly reflects the industry's potential, according to realtor Deborah Cumming. She wants the Government to implement its manifesto promise of lowering real estate...