First Home Exemption
The First Home Owners Stamp Exemption is a VAT Duty Exemption application that can be made by First Time Home Owners, for VAT duty exemptions on their conveyance and mortgage instruments, relative to the acquisition of their first-time dwelling home.
Full Exemption is considered VAT ZERO Rating
Partial Exemption is considered VAT Taxable on a percentage
Who is eligible?
- Any Bahamian 18 years or older
- First Time Homeowners