It’s all about the Benjamins, baby. Savvy second home buyers are looking to places like Turks and Caicos to put down roots and seize lucrative tax benefits. In fact, Turks and Caicos is regarded as one of the best spots in the Caribbean to invest in.
With zero income tax, capital gains tax, property tax, inheritance tax, and corporation tax, second home buyers are applying for permanent residency status, too. And that’s not all. When purchasing a second home in the Turks, you only pay a Stamp Duty – aka a one-time fee of 10 percent of the property’s purchase price. After that, there are no additional taxes linked to homeownership! Learn more in this week’s “What Can I Get?”.
The Strand In Turks And Caicos Is Proving To Be The Hottest New Luxury Destination For Second Home Buyers
If this sounds too good to be true, wait until you hear about The Strand. It’s the latest in a string of luxury residential communities taking shape in the Caribbean. This one, happens to be in Providenciales in the heart of Cooper Jack Bay. Think turquoise blue waters, white sandy beaches, and the best rum punch you’ve ever tasted. Yes, living the good life starts here, and it’s virtually tax free.
Opening In 2021, The Strand Is A Luxury Oceanfront Haven With Unobstructed Views And Coastal Charms
Slated to open in 2021, The Strand is private and exclusive, with custom oceanfront residences starting at $2.2 million.
Even better, it’s tucked away in an undeveloped, unspoiled stretch of coastline on the protected south side of Providenciales, and boasts a limited number of beach villas, custom residences, and homesites to build your dream retreat.
The Strand’s Beach And Tennis Club Is The First Of Its Kind For Turks And Caicos
Of course, the community highlights are equally impressive. Owners and guests of The Strand have access to a swanky Beach and Tennis Club – a new concept for the area – as well as 1,400 feet of canal and marina frontage with yacht slips.
Lastly, there is a top notch restaurant and bar overlooking the water, plus a beachfront patio, lush open-air garden, and lagoon swimming pool enveloped in native limestone and towering palms that steal the show.
Tax benefits with a view? Sign us up!