1-284-342-2222
Home For Sale Rentals Holiday Rentals BVI BLOG BVI Info

2016 Tax Closing Costs

Property Taxes are very low in the British Virgin Islands
This is the one closing cost that is often prorated between the buyer and seller. If the seller has already paid the annual property taxes, the buyer typically reimburses the seller for the period in which the buyer will be occupying the property. Likewise, if the taxes have not yet been paid, the seller typically reimburses the buyer for the period in which the seller occupied the property.

Transfer Taxes and Recording Fees
This is the cost for transferring ownership of the property. The fee is calculated at 12 percent for freehold property, of the sales price or appraisal value, which ever is higher.

Featured Properties

For Sale
  • 15 Full, 3 Half Bath(s)
  • 24000 Sq ft. (MOL)
  • H604 Aquamare, Virgin Gorda, BVI

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question


Portions Copyright © 2018 Pipeline ROI, LLC
Another website by Pipeline ROI.  | Terms of Use | Site Map
All rate, payment, and area information are estimates and approximations only.