in my view the tax value on file is the tax value unless the seller files an appeal. THE DIR has no business arbitrarily changing the tax liability willy nilly as they see fit. this is contrary to the spirit of the law. If we didn't have such exorbitant tax rates on real estate sales then this would not be an issue. But having high tax on foreign real estate transactions makes the electorate feel better, so carry on smartly. out of a typical 90 day sale period over 45 of that is dealing with taxes and govt. the actual title work only needs 3 weeks max unless there are problems to resolve.
just like ppl fake invoices at customs they will fake declare the sale price and some attorneys will happily comply for their client. there is no penalty to the attorney for false declaration only penalty to the buyer.
DWW says...
If you can't take the heat get out of the kitchen. If any right thinking bahamian thinks his hands are clean...
On Halkitis says VAT theft claims took personal toll on his family
Posted 30 June 2026, 12:41 p.m. Suggest removal
DWW says...
Meanwhile hotels pay zero tax, practically.
On Realtors warn Bahamians face higher tax rate than foreigners
Posted 23 June 2026, 2:04 p.m. Suggest removal
DWW says...
This is a joke post right? Right? Quoting an American jet ski dealer on matters in the Bahamas when all he wants to do is sell more deplorable skis.
On Florida jet ski operator hits out over US alert
Posted 23 June 2026, 2 p.m. Suggest removal
DWW says...
No helmet?
On Teen faces long recovery after severe e-bike crash
Posted 23 June 2026, 1:55 p.m. Suggest removal
DWW says...
Still walking free, no repercussions. Immigration is henious
On Justice but too late for Brave Claudia
Posted 18 June 2026, 1:43 p.m. Suggest removal
DWW says...
a builder and a building contractor are not the same thing. act accordingly.
On Court of Appeal upholds $150,000 award in Abaco contractor row
Posted 3 June 2026, 2:08 p.m. Suggest removal
DWW says...
in my view the tax value on file is the tax value unless the seller files an appeal. THE DIR has no business arbitrarily changing the tax liability willy nilly as they see fit. this is contrary to the spirit of the law. If we didn't have such exorbitant tax rates on real estate sales then this would not be an issue. But having high tax on foreign real estate transactions makes the electorate feel better, so carry on smartly. out of a typical 90 day sale period over 45 of that is dealing with taxes and govt. the actual title work only needs 3 weeks max unless there are problems to resolve.
On DIR VAT disputes a ‘huge confusion’ in real estate deals
Posted 27 May 2026, 1:11 p.m. Suggest removal
DWW says...
just like ppl fake invoices at customs they will fake declare the sale price and some attorneys will happily comply for their client. there is no penalty to the attorney for false declaration only penalty to the buyer.
On DIR VAT disputes a ‘huge confusion’ in real estate deals
Posted 27 May 2026, 1:05 p.m. Suggest removal
DWW says...
getting called to the bar is a get out of jail free card in the bahamas. (and for the wealthy who can pay for an attorney)
On Attorney loses appeal over $862k missing funds
Posted 27 May 2026, 12:59 p.m. Suggest removal
DWW says...
couple keys = the majority of the country, good laughs on this one.
On Legal challenge stalls Marsh Harbour land ownership resolution
Posted 11 May 2026, 12:35 p.m. Suggest removal