Transfer Tax & Stamp Duty Calculator
Estimate closing costs for the sale of real property and share in Jamaica. Get an instant breakdown of transfer tax, stamp duty, and other closing costs.
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Transfer Tax
Transfer tax is payable at the rate of 2% of the market/book value or the agreed consideration, whichever is higher. Transfer tax is to be paid by the seller.
Stamp Duty
Stamp duty is charged on the Agreement for Sale of Shares or Real Property. If the consideration is under J$500,000, stamp duty will be J$100. If the consideration is J$500,000 or more, stamp duty will be J$5,000. Each additional copy of the agreement will be J$10. Stamp duty is borne by the seller and purchaser equally.
Registration Fee
A registration fee of 0.5% of the stated consideration is payable for the sale of real property in order to note the transfer on the Certificate of Title. This is borne by the seller and purchaser equally.
*Registration fees may be abated in some transactions.
Other Closing Costs
For the sale of real property, other costs may include: (i) Realtor’s commission; (ii) Seller’s and Purchaser’s half cost of the Agreement; (iii) Seller’s and Purchaser’s half cost of the letters of possession and letters to utility companies.
How It Works
Enter Transaction Details
Input the sale price or value of the real property or shares and select your transaction type.
Choose Options
Optionally add the number of agreement copies and estimated legal fees.
Get Your Estimate
Instantly see a full breakdown of transfer tax, stamp duty, and total closing costs.
Calculate Your Costs
Cost Breakdown
Transfer tax is typically borne by the seller.
Disclaimer: This calculator is for general guidance and estimation purposes only. Actual amounts may vary based on current laws , specific transaction details, and applicable government fees. MF&G does not accept responsibility for any errors or malfunctions. Consult an MF&G attorney for legal advice specific to your transaction. The above does not include filing fees for filings to be made at the Companies Office of Jamaica to update the records of the Company in relation to a sale of shares which would include change of shareholders and beneficial owners and may also include change in directors and secretaries.
