Stamp Duty Changes Effective January 1, 2026

Effective January 1 2026, the Cayman Islands Government introduced new Stamp Duty rates on the sale of land and property over CI$2 million.

Key changes:

• Properties over CI$2 million: Stamp Duty increases from 7.5% to 10%
• Properties under CI$2 million: Stamp Duty remains at 7.5%

These rates apply to all purchasers, including Caymanians.

Caymanian First and Second-Time Buyers

Caymanians buying their first and second properties will now benefit from expanded stamp duty concessions, removing location restrictions across Grand Cayman and the Sister Islands, meaning they can now access concessions in previously restricted zones like Seven Mile Beach. The Stamp Duty rates remain the same.

First-Time Caymanian Buyers:

• Under CI$550,000: Full waiver
• CI$550,000 – CI$650,000: Reduced rate of 3.75% on the amount above CI$550,000

Second-Time Caymanian Buyers:

• Properties up to CI$600,000: Stamp Duty at 3.75%

We’re here to help

Our team is here to help you navigate these changes. Get in touch with one of our experts today at [email protected] or call +1 (345) 945-4000.

Source: gov.ky