January 24, 2022
DAVID MORLEY
Stories this photo appears in:
New home listings surge 1,025% on ‘right-sizing’
New home listings in the major Bahamian islands increased by 1,025 percent year-over-year for the 2023 second quarter, a major realtor disclosed yesterday, amid signs it is “slowly turning to a buyer’s market” after a “bonkers” post-COVID.
‘Don’t price ourselves out’ on corporate income tax
Bahamian realtors yesterday said data showing they enjoy near-40 percent gross profit margins is “skewed very far off” as they urged the Government “to be careful we don’t price ourselves out of the market” over corporate income tax.
Realtors voice fears on tax 'inconsistency'
Realtors yesterday voiced concern over "the optics" and "inconsistency" of tax policy as the Government moves to adjust the VAT paid on real estate sales to ensure foreign buyers pay a 10 percent rate across-the-board.
Legal queries raised on property tax revaluation
A realtor is questioning whether the recent New Providence-wide real property tax revaluation violated Bahamian law because it used an overseas contractor to perform appraisals.
‘Absolutely livid’ over doubling, tripling tax
Real property taxpayers were yesterday said to be “absolutely livid” after receiving bills that doubled and tripled their 2022 payments following the recent New Providence-wide revaluation.
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