The Government of The Commonwealth of The Bahamas
The Government of The Commonwealth of The Bahamas
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FAQs-First Home

Applicant must be a Bahamian Citizen and home must be their first and the value of land and home must not exceed $500,000.00.

Conveyance, Mortgage (if any), Affidavit sworn by First-time homeowner, Passport & NIB Card.

Yes!  The property must be assessed by the Real Property Tax Department and issued an Assessment Number.  The Assessment number must be affixed to the Conveyance.

No. Anyone can submit an application for First Home VAT Zero Rate exemption.

No. Only lending institutions can submit applications on behalf of applicants.

Bahamians and Non- Bahamians can apply for VAT Zero Rated Exemption.
 

An Attorney or Individual can submit an application for Inter Vivos.

Parent(s) to Child(ren), Child(ren) to Parent(s), Grandparent(s) to Grandchild(ren) and Spouse to spouse.

Executed Deed of Gift, birth certificate(s) of Transferee(s) to establish relation, passport & NIB Cards for Transferor(s) and Transferee(s) and Marriage Certificate.

Contact

The Department of Inland Revenue

Shops at Carmichael Plaza, Carmichael Road PO Box N-13, Nassau, Bahamas
Tel: +1 242 225 7280
Fax: 242-361-1263
taxinquiries@bahamas.gov.bs

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