Inland Revenue Division - Ministry Of Finance and The Economy
 
 

 

 

Services - Stamp Duty

 

STAMP DUTY   
In accordance with the Stamp Duty Legislation 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.

WHERE AVAILABLE

The Stamp Duty Section

Inland Revenue Division

Trinidad House,
Ground Floor, Edward Street
Port of Spain

Contact # 623-2981-8 ext 330-2

 

South Regional Office

52 Cipero Street, (Opp. Westwood Street)

San Fernando


Tobago Regional Office
Victor E Bruce Financial Complex

14-16 Wilson Road

Scarborough
Tobago.

STAMPING OF DOCUMENTS
All documents to be stamped are provided by the individual. Requisition Forms which are to be completed are available at the Stamp Duty Section.
Payments can be made by certified cheques, cash and LINX.
Individuals should seek assessment of documents for stamping from the staff at the Stamp Duty Section prior to completion of payment cheques.

 

New Stamp Duty System Implementation at the Inland Revenue Division -  FAQs.

 

Revised Stamp Duty Forms


Deed of Conveyance or Gift -
This deed is used where residential property changes ownership. Residential Property is deemed to be land upon which a house has been built and used wholly or mainly for residential purposes.

Application For Exemption From Stamp Duty In Respect of Residential Properties

 

The Application for Exemption From Stamp Duty In Respect of Residential Properties must be accompanied by

  • Original and a copy of Land & Buildings Tax Receipt
  • and original and copy of WASA bill.

LIST OF STAMP DUTY RATES

 

N.B. Rates for Commercial/Agricultural Properties remain unchanged.

 

Deed of Residential Mortgage
This deed is used in the acquisition of a residential property. Property valued up to $450,000 are exempt from stamp duty.
Where the value exceeds $450,000 stamp duty is payable on the full amount at the rate of 50¢ for every $250.00 or part thereof.

 

The Application for Exemption From Stamp Duty In Respect of Mortgages must be accompanied by

  • Original and a copy of Land & Buildings Tax Receipt
  • and original and copy of WASA bill.

Application For Exemption From Stamp Duty In Respect Of Mortgages


Bonds
Performance Bonds are stamped at the rate of 50¢ for every $250.00 or part thereof.

Estate Bond
The stamp duty on an Estate Bond is at the fixed rate of $10.00

Tender Bond
The stamp duty on a Tender bond is at the fixed rate of $25.00 

 

Transfer of Shares

When shares are being transferred the Company's Auditor must be provide a Valuation Report.  

  • The stamp duty charged is the greater of - 5% of the value of the shares transferred or 5% of the consideration given, where the company is registered on the Stock Exchange.
  • Where the company is not registered on the stock exchange, the stamp duty charged is the greater of - $5.00 per $1000. of the consideration given or $5.00 per $1000 of the value of the shares transferred.
 

 

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