STAMP DUTY

Stamp duty is a tax that is levied on documents. Historically, this included the majority of legal documents such as cheques, receipts, military commissions, marriage licences and land transactions, which would be affixed with a legal stamp.In accordance with the Stamp Duty Ordinance some documents still require stamping. Among these, include:

  • Deeds of Conveyance
  • Deeds of gift
  • Deeds of Mortgage
  • Mortgage Loan agreements
  • Life Insurance Policies
  • Powers of Attorney
  • Transfer of Shares
  • Deeds of Lease
  • Bonds
  • Deeds of any other kind

 

Stamp duty is also a tax that is imposed on every instrument which may be declared by the Stamp Duty Ordinance to be liable to stamp duty

 

 

STAMP DUTY RATES

The following are the rates of stamp duty on some documents, as declared by the Stamp Duty Ordinance:

 

Document

Duty

Acknowledgment of Paternity

$10.00 

Authorization of Agent

$10.00 

Bill Of Sale (e.g. Car loan, Household appliances, Repayment agreement with bank) - Round-off to the next $100.00

0.25% 

Cancellation of Power of Attorney

$10.00 

Change of Name

$10.00 

Deed of Correction

$10.00 

Deed of Donation

$10.00 

Deed of Exchange

$10.00 

Deed of Exchange (If no consideration)

$10.00 

Deed of Partition

$10.00 

Deed Poll

$10.00 

Deposit

$10.00 

Deposit of Power of Attorney

$20.00 

Designation and Vesting Assent

$20.00 

Discharge of Hypothec

$5.00 

Hypothec (Mortgage) - Round-off to the next $100.00

0.25% 

Lease

2% of average rental value 

Marriage Consent

$10.00 

Partial Radiation

$5.00 

Power of Attorney

$10.00 

Radiation

$5.00 

Revocation

$10.00 

Transfer authorised by High Court (Divorce)

$100.00 

Vesting

$10.00 

Deed of Exchange (with consideration)

2% of consideration 

Deed of Transfer (Conveyance)

2% of consideration 

Deed of Sale - Purchaser (Conveyance)

2% of consideration 

Deed of Sale/Transfer - Vendor IS NOT a citizen of Saint Lucia or is a foreign national (Conveyance) 10% 
Deed of Sale/Transfer - Vendor IS a citizen of Saint Lucia or is a foreign national (Conveyance)

 First $50,000 - Exempt 
Next $25,000 - 2.5% 
Next $75,000 - 3.5% 
Remainder - 5% 

Declaration

$10.00 

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Ⓒ2013 Inland Revenue Department, Government of Saint Lucia.