Jamaica: Greater Equity for Strata Owners under New Property Tax Regime

Strata property owners will benefit significantly from the new property tax regime when it takes effect on April 1.

A new methodology for property tax assessment will be applied to strata properties that will allow owners to pay tax for the value of their individual units rather than the entire strata as was the case previously.

Chief Corporate Communications Officer at Tax Administration Jamaica (TAJ), Meris Haughton, speaking at a JIS Think Tank on Thursday (March 30) said the new methodology will bring equity to the system.     Read the article………….


Related Articles

U.S. Real Estate Advisory ‘Right On Mark’ (Bahamas)

An American investor yesterday described his government’s real estate advisory on the Bahamas as “right on the mark”, adding; “People’s

Malaysia: DBKL says condo management can impose rule barring Airbnb

Although the government has declared that Airbnb is legal, apartment and condominium owners may only rent out their units on

Singapore: Park West condo owners eye S$750m in third try at collective sale

OWNERS of condominium project Park West are hoping that third time’s the charm in their collective sale attempt, this time