What it costs to buy property in Turks and Caicos Islands
A foreign buyer should budget roughly 9.0%–9.5% of the purchase price on top of the price itself. No licence or permit is required.
What you pay
- Stamp duty8.0% of the price$40,000
- Legal fees1.0%–1.5% of the price$5,000–$7,500
| On a purchase of | $250,000 | $500,000 | $1,000,000 |
|---|---|---|---|
| Stamp duty | $16,250 | $40,000 | $100,000 |
| Legal fees | $2,500 – $3,750 | $5,000 – $7,500 | $10,000 – $15,000 |
| Total on top of the price | 7.5%–8.0% | 9.0%–9.5% | 11.0%–11.5% |
Can you buy as a foreigner?
No licence required
No restriction on foreign ownership of land or property, and no licence to obtain. The islands use the US dollar, so there is no currency conversion on the purchase price.
No approval to wait for
With no permission to obtain, the timeline is set by conveyancing rather than by a government queue.
Take it with you
These figures as a PDF, worked out at the price you enter, with every source and the date it was checked.
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Nearby markets compared
What a foreign buyer pays on top of a $500,000 price, here and in the markets around it nearest in cost.
- BahamasNo licence7.0%–7.5%
- Turks and Caicos IslandsNo licence9.0%–9.5%
An estimate for budgeting, not legal or tax advice. These rates are traced to published sources but have not been reviewed by a practitioner in this jurisdiction. Confirm the current position with an attorney before you commit.
Stamp duty varies by island. The figures shown are for Providenciales and the neighbouring cays; the southern and eastern islands are charged less. On 27 October 2026 the government proposed replacing the scale with a flat 10% on the whole value above a US$50,000 exemption — not yet law. Separately, a policy for British Overseas Territories citizens can reduce some 10% transfers to 6%.
Sources: [1]