Conveyancing is the process by which the ownership of land or property is transferred from one person to another. In Trinidad and Tobago there are two systems under which land is registered: the common law system and the Torrens registration system (Real Property Act system). The system of registration that your transaction falls under depends on the document showing ownership of the land or property. If...
Buying
Acquisition of Real Estate in Trinidad In Trinidad, the Aliens (Landholding) Act, Ch. 58:02 was repealed in 1990 and the Foreign Investment Act, 1990 relaxed the restrictions on ownership of real estate by foreigners and improved the conditions for foreign investment. Generally, the Foreign Investment Act, 1990 (sections 6 & 7) allows foreign investors in Trinidad (including individuals and...
In accordance with the Stamp Duty Legislation in Trinidad & Tobago, a number of documents require stamping. Some of these include: Deeds of Conveyance; Deeds of Gift; Deeds of Mortgage; Release of Mortgage Loan; Release of Life Insurance Policies; Powers of Attorney; Transfer of Shares; Deeds of Lease; Deed Polls; Bonds - Performance and other wise; Deeds of any other kind. The government of Trinidad...
Stamp Duty is a tax that you must pay when carrying out certain transactions that require legal documents. Deeds of Conveyance, Deeds of Gift, Deeds of Mortgage, Release of Mortgage Loan, Release of Life Insurance Policies, Transfer of Shares, Deeds of Lease, Deed Polls, Bonds, and any other deeds, require "stampingâ€, which means you must pay duty. When do I need to pay Stamp Duty? You must pay Stamp...