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What is the amount of transfer tax in Jamaica?

The transfer tax rate in Jamaica is set at 2% of the market value of the property being transferred. It's important to note that certain transfers may be exempt from transfer tax, such as transfers of listed securities across the floor of the Jamaica Stock Exchange and transfers by way of gift to a registered charitable organization. 

Please be advised that the information provided here is intended for general guidance only and should not be construed as legal advice. Laws and regulations concerning transfer tax may vary, and individuals are encouraged to seek personalized legal counsel from a qualified attorney familiar with Jamaican property law to address specific circumstances and ensure compliance with applicable regulations. For more information on real estate matters in Jamaica, feel free to explore Jamaica Homes.

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