Copyright © 2009 Mcivthur Realty.All Rights Reserved.
Welcome to Mcivthur Realty
Where are The Turks & Caicos Islands?
The Turks and Caicos Islands is a country of 8 major islands and numerous uninhabited cays located 575 miles southeast of Miami and 39 miles southeast of Mayaguana in the Bahamas. Covering 193 square miles of the Atlantic Ocean, Turks and Caicos Islands have one of the longest coral reefs in the world, making it a premier destination. TCI uses the postal code BWI which represents British West Indies, a diversified group of Caribbean islands including Anguilla, British Virgin Islands, Cayman Islands, Montserrat, and the Turks and Caicos Islands, all dependent areas of the United Kingdom.
Turks & Caicos Islands are known for the world's most beautiful beaches, pristine coral reefs, diving, fishing, offshore investments, luxury condominiums and villa vacation rentals. The Islands are protected by a government dedicated to preserving the islands natural beauty..... Come see why we call ourselves 'beautiful by nature'
WANT TO BUILD?
House plans must be pre- approved by the physical planning department. You can pick up Building guidelines and the building code which provide all the necessary information for a successful project.
LAND SALES INFORMATION:
There are no restrictions on the purchase, ownership and sales of land by foreign investors. Land ownership is recorded in a Torrens or land title system. Land registration is both simple and secure and ounce registered the title is guaranteed by the crown.
Providenciales has been surveyed and divided into sections, blocks and lots, zooming designations for low density residential through to industrial are clearly identified in the physical planning department. Lot markers are usually intact and boundaries can be easily located. Land values have increased steadily over the past years with appreciation in the 20%- 25% being common for waterfront and prime hilltops parcels.
Land transfer tax on the purchase of Providenciales property is as follows:
Nil on property up to $25,000
6.5% on property $25,001 - $75,000
9.75% on property $75,001 and up
The land transfer tax is a one time only and there is no annual real estate tax.