Cayman Islands Legislation
Land Holding Companies Share Transfer Tax Amendment Bill 2025
Government bill, sponsored by the Ministry of Finance and Economic Development (FED)
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Gazetted
Published in the Gazette
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Introduced
12 December 2025
First appeared on the order paper
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Enacted
18 December 2025
Act 16/2025
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In force
What this law does
This bill changes the tax rules for when people buy and sell shares in companies that own land in the Cayman Islands. It increases the tax rate from 7.5% to 10% for large transactions worth $2 million or more, while keeping the 7.5% rate for smaller transactions.
- Tax rate increases to 10% for share transfers valued at $2 million or more (previously 7.5%)
- Tax rate remains at 7.5% for share transfers valued below $2 million
- Tax is calculated on whichever is greater: the actual price paid or the official assessed value
- Transfers completed before January 1, 2026 but not yet officially submitted can use the old tax rates
Who it affects: People and businesses buying or selling shares in Cayman Islands land-holding companies, particularly those conducting larger transactions valued at $2 million or more
This summary is AI-generated from the official document and may contain errors; it is not legal advice. Always consult the source text below.