Property tax in Antigua – the basics
From taxes and legislation to rates, we’re on hand to equip you with all the finer details you need to know before you get started selling your property in Antigua. If you’d like further clarification on any of the points addressed below, get in touch – our team will be only too happy to fill you in.
Property sales tax in Antigua
The biggest costs involved in selling your property in Antigua are the stamp duty and appreciation tax, followed by your real estate agency’s commission. We take a quick look at the rates and taxes you can expect to see as a seller.
- Stamp duty: 10% of the sale price, split between both the seller and the buyer, with 5% payable by the seller.
- Appreciation tax: Non-residents transferring a property in Antigua are subject to a land value appreciation tax that can range from 5 to 20%.
Capital gains and inheritance tax in Antigua
Estate, inheritance and capital gains taxes are non-existent in Antigua, making it an alluring destination for investors. Regular, frequent capital gains are considered business- or trade-related income and will be taxed in accordance with standard income tax rates.
Any legal fees incurred are handled by the buyer.
Tips and tricks for a successful sale
While we handle strategy, marketing and communication to elevate and showcase your property, there are a few things you can do behind the scenes to make sure your home is ready to capture hearts and minds.
Love at first sight
First impressions are what it’s all about. It’s a good idea to do everything in your power to ensure potential buyers fall head over heels from the moment they first set eyes on the front door. Buyers are looking to experience that elusive, magical feeling of having arrived home.
Get some distance
Consider your property from all possible angles. Be your own worst critic, and take the time to ponder all the things you’ve found less than ideal over the time you spent living in your home. Pushing open the door and stepping into the hallway serves as a taster for buyers and is an instant mood-setter. These first few moments have the power to make or break a sale, which is why it’s so crucial to hit the right note.
Room to breathe
Paperwork in the kitchen? Free weights in your bedroom? Return each space to its original intended purpose to create a sense of flow and balance within your home.
Kitchens are crucial when it comes to securing a sale – not only do they need to be in flawless condition, but you may like to consider updating your features to give yourself an edge.
Maximise your garden and any outdoor space, too.
To set buyers’ hearts ablaze, your property is going to need to be in immaculate condition. Carry out a deep clean, tidy up, examine spaces to make sure paintwork is flawless and free from any chips, and hone a light, neutral palette to open up the space. The goal is to create a relaxing atmosphere in which buyers can imagine themselves settling in – and it doesn’t have to cost a fortune. Get those creative juices flowing, and aim for a sense of quiet and purity.
In the mood for love
So much of the magic a property weaves is in the atmosphere. There are a few easy tricks you might like to consider using to help you craft an exciting, alluring atmosphere inside your home.
- Lighting: Bright, airy space sells best. Keep curtains and blinds open during the day, and when night falls, turn all your lamps and lights on. Get rid of strip lighting – this can often feel clinical, cold and unappealing to buyers. Add mirrors to open up spaces, and make sure windows are dressed: bare windows can seem unloved.
- Music: There’s nothing like the distant murmur of a little classical music to inspire a sense of well-being. Yapping dogs, screaming children and a blaring television set are no-nos!
- Smell: Smell is one of our most evocative senses, and can be used to your advantage. Any lingering citrus smells can hint at cleanliness. To mimic homely fragrances, reach for lemon oil, freshly brewed coffee and furniture polish, or try warming a dish of vanilla essence in the oven. In the winter, you might like to light your fire if you have one, and consider burning pinecones for a cosy feel.
Fade into the Background
Buyers want the opportunity to fill your home with their own belongings and routines in their mind’s eye. They need to be able to imagine themselves waking in the bedroom, making coffee in the kitchen, jumping in the shower and soaking up the views. With this in mind, you’ll need to strip away reminders of your own personal footprint, leaving buyers with a blank canvas onto which they can project their future dreams. Get rid of:
- Loud or unusual art, furnishings and wall colours
- Overpowering cooking and pet smells
- Noise coming from the television, animals or children, and loud music
- Markers of personal beliefs
- An overload of personal photographs
But don’t strip the property bare of any personality at all, or you run the risk of turning your home into a cold and faintly impersonal space. The idea is to create a homey, warm and welcoming atmosphere that leaves buyers with enough room to envisage how they might use your property.
Prospective buyers form an opinion on your property within the first thirty seconds. First impressions are so important, and a few simple, affordable minor tweaks can make all the difference. When in doubt, remember the triple-S rule: Sight, Sound and Smell. The goal is to sculpt a snapshot vignette of a lifestyle, rather than a place. You’re not just selling a property. You’re selling a little slice of the dream…
Selling you at your best
Selling a property is a notoriously long-winded process, which is why it’s important you start investigating your options early in the game. Reaching out to us is the first step in your journey – we’re here to get you valued, listed and sold, supporting you with custom advice and insights along the way.
Relocate Antigua starts by establishing the foundations of a working relationship designed for transparency and built to last. We’ll provide you with a free, honest and accurate market valuation for your property, before unlocking access to the many marketing tools we have to hand to ensure your property is given the best chance of a successful sale. Once you’ve taken on board our expert assessment of your property’s value, it’s up to you how you use it. But whatever asking price you choose to set, we’ll roll up our sleeves and get the ball rolling, mining our client database for market insights we can put to work, and spreading the word to get your property seen.
You can rely on us to work closely with you in fostering an atmosphere of complete transparency. Our property consultants won’t ever bend the truth or merely tell you what you want to hear. We’ll pour heart and soul into painting a truthful portrait of your property and its market value – and that’s a promise.
What we do
- Opinions you can rely on, and free valuations carried out by seasoned real estate specialists to ensure your property is listed at its true value.
- Expert advice underpinned by complete transparency, for a relationship built on mutual respect and trust.
- Full, unlimited access to our marketing toolbox: Strategies, tools and our extensive client database for you to dip into, and all the assistance you need in getting the right message across to your prospective buyers.
- A dedicated team on hand to provide you with tailored feedback on your listings and viewings, so you always know exactly where you stand and how your goals are progressing.
Property selling with a difference
If you own a stunning home, then we want to hear from you. Relocate Antigua is all about helping gorgeous properties find their next buyer, injecting our trademark transparency and incisive eye for a sale into the process. Deciding to work with us means entrusting your home to a team of skilled professionals with inside-out knowledge of the market; experienced property consultants who put your interests centre-stage and deliver custom-made service.
Commission rates in Antigua – what to expect
In Antigua, real estate agency commission is typically paid by the seller, and can range anywhere from 5 to 7%.
For more details, contact us.
Any legal fees incurred are handled by the buyer. Get in touch with us today and let us connect you with one of our specially trained lawyers.