Trinidad stamp duty calculator
Get a stamp duty estimate for a house, land or commercial property. Pick the type, enter the price, and see the duty band by band with the first-time homeowner exemption and mortgage deed duty. Importing goods instead? Use the customs duty calculator.
Property
Any property with a dwelling, used mainly as a home
TT$The price on the sale agreement, or the market value if that is higher.
TT$The mortgage deed carries its own duty: 50 cents per TT$250 above the exemption.
Band by band
Each slice is taxed at its own rate- Up to 850kexempt–
- 850k to 1.25M3%–
- 1.25M to 1.75M5%–
- Above 1.75M7.5%–
Common questions
- How much is stamp duty on a house in Trinidad?
- Nothing on the first TT$850,000, then 3% on the next 400,000, 5% on the next 500,000 and 7.5% above 1.75 million. A TT$1.5 million home costs TT$24,500. First-time homeowners pay nothing up to TT$2 million.
- Who counts as a first-time homeowner?
- Someone who has never owned residential property. On a joint purchase, every buyer must qualify or the exemption falls back to TT$850,000. The exemption covers a house or house and land, not land alone, and needs an application to the Board of Inland Revenue.
- Is land taxed the same way?
- Residential land on its own is exempt up to TT$450,000, then 2%, 5% and 7% in bands. Commercial and agricultural property has no exemption and one rate on the whole price: 2% up to 300,000, 5% to 400,000, 7% above.