Property Transfer Tax

Act No. 37/1998 is an Act to provide for the imposition of tax on the transfer of property.
 
Transfer of property means any transfer, whether by sale, exchange, gift or other disposition, inter vivos, whereby any property or any estate or interest in any property is legally or equitably transferred to or vested in a purchaser or any other person on his behalf or by his direction.

Alien Licence:
Alien wishing to purchase property in Grenada must apply to the Prime Minister's Office for a Licence to hold property.

Rate of Tax payable on transfer of Property:
Citizens
Percentage of market value
Vendor
5 %

 

Non citizens
Percentage of Consideration or market value
Vendor
15 %
Purchaser
10 %
Special conditions
Where a property is transferred by way of a deed of gift, tax shall be payable on the value of such property exceeding $150,000.00.

Where a transfer does not occur through a deed of gift tax the tax shall only be payable on the value exceeding $20,000.00.

Rate of Tax payable on transfer of Property other than land:
Non citizens
Percentage of market value
Vendor
10 %
Purchaser
10 %
Exemptions
In accordance with Section 6 of the Act the following transfers are exempted from tax:
  • Any transfer by way of deed of gift which does not exceed $150,000.
  • Any transfer by the Crown or by a statutory board which is in receipt of public funds.
  • Any transfer by a charitable organization or a non-profit-company registered under the Companies Act, 1994.
  • Mortgage transfers, release or reconveyance regarding the purchase of the property, repair or extension to building(s) on the property.
  • Transfer of property affected by operation of law to a liquidator or trustee in bankruptcy.
  • Transfer from one trustee to another on a charge of trust.
  • Any transfer of property in trust solely for the transferor;

District Revenue Offices

  Sauteurs, St. Patrick:   
 +1 (473) 442-9324
 
  Grenville, St. Andrew:  
 +1 (473) 442-7446/6904
 
  Gouyave, St. John:  
 +1 (473) 444-8231
 
  Victoria, St. Mark:  
 +1 (473) 444-8425
 
  St. David:  
 +1 (473) 444-6243
 
  Carriacou:  
 +1 (473) 443-7388
 

Additional Contacts

Eservices:
Telephone: 1 (473) 435-0223 / 435-1905
Toll Free: 1 (855) 835-1498
Email: etaxhelpdesk@ird.gd
E-services: eservices.gov.gd

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Cash Office:
Monday - Friday:
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