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Buyers Guide
Non Nationals: The Aliens Landholding License for one acre of land is $5,000.00. Below are the prices for the license according to the size of the land: Over 1 acre and up to 10 acres ECD $10,000.00 Government Fee: There is a stamp duty of 2% of the purchase price to register the Deed of Sale. Legal Fee: The fee is set at 3% to 5% of the purchase price. Procedures for Acquiring an Aliens Landholding License: The office of the Attorney General will vet the application before it is forwarded to the Office of the Prime Minister for final approval and signature. The list below indicates what will need to be submitted with the license application form: 1. Completed application form.
St Lucia Citizens: If a mortgage is taken there is a government stamp duty of 1-1.2% of the purchase price to register the mortgage. Legal Fees: - The fee is set at 1-1.2% of the purchase price for the legal work. If a loan is needed, the lawyer will add another charge of 1-1.2%. Registration, copies and stamps EC$150.00. The local Buyer has to provide the following documents: - a letter from Inland Revenue for Property Tax Clearance and Income Tax Clearance
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