Selling Procedure
- Verbal offer and acceptance
- Appointment of an attorney-at-law
- Exchange of contracts for sale and payment of a 10% deposit to the attorney-at-law. The remaining 90% of the balance is paid at time of conveyance.
Selling Guide
- Nil Capital Gains Tax
- Nil Inheritance Tax
- Stamp Duty is 1% (nil if owned by offshore company)
- Property transfer tax is 2.5% (nil if owned by offshore company)
- Attorney Fees are 1.5% – 2% plus VAT
- Standard Real Estate Agents Fee plus VAT
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