The current attraction for the purchase of houses and condos in Belize is no accident. There are many advantages in buying in Belize :
— no capital gains tax
— no inheritance or estate tax
— low annual real estate taxes
Belizean property ownership law is very similar to U.S. law. Foreigners are free to own property and have the same right to own property in Belize as do Belizean citizens.
For foreigners, there is a property transfer tax (also called “stamp duty”) amounting to 5% of the purchase price, payable by the buyer at the time of sale.
BUYING PROPERTY IN BELIZE
