The Process for the Purchase of Property in St Kitts & Nevis
Edisha K. Greene and Kaela King-James of Joseph Rowe detail with succinct clarity the process necessary to complete a property purchase in St Kitts & Nevis.
Edisha K. Greene
View firm profileKaela King-James
View firm profileIn this video, the speakers provide highly useful information for viewers/listeners with respect to the process for purchasing property in St Kitts & Nevis, a beautiful part of the world that is desirable to visit. It is important to know the legalities surrounding real estate purchase in the jurisdiction, and the speakers are very clear about the details anyone considering making such a purchase in St Kitts & Nevis needs to know.
With respect to “alien” purchasers – ie, those not resident in St Kitts & Nevis:
“The stamp duty payable is 10% of the purchase price of the property or 10% of the value of the property as assessed by the Inland Revenue Department.” (Kaela King-James, 6:43)
The topic of Wills is discussed, which is important considering the subject of property ownership. Edisha Greene notes that the executor does not need to be a citizen of St Kitts & Nevis to apply for Grant of Probate.
“It is important to note that [a] Will must be executed in accordance with the laws of St Kitts & Nevis to be deemed valid.” (Edisha K. Greene, 11:40)
The speakers comprehensively relay the information required to become informed of the property purchase process in the country, enabling informed decision-making, in addition to the recommendation to seek appropriate legal advice where necessary to ensure no errors are made.
It is easy to see, from the footage near the end of the video, the appeal of owning a property in St Kitts & Nevis, a picturesque location fit for everyday living and regular holidays alike. The emphasis, however, is on clarifying the legal process that must be navigated with professional legal assistance to successfully purchase a property in St Kitts & Nevis.
Joseph Rowe
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