Cayman first and second-time buyers

Navigating the benefits available to first and second-time Caymanian buyers can seem complex, but Ogier is here to make the process straightforward and accessible. 

We assist you in understanding and taking advantage of reduced stamp duty rates, helping you to maximise the financial benefits available. Whether you're purchasing a home or land, our team is dedicated to supporting your journey to homeownership. 

Who qualifies as a first-time Caymanian buyer? 

To benefit from first-time buyer status in the Cayman Islands, you must:

• be a Caymanian or hold Caymanian status 
• not have previously owned property in the Cayman Islands 

Benefits for first-time buyers 

Meeting these criteria currently allows a buyer to: 

• pay 0% stamp duty on homes up to CI$550,000 and land up to CI$250,000 
• for homes between CI$550,000 and CI$650,000, enjoy a reduced stamp duty rate of 3.75% on the portion above CI$550,000
• for land between CI$250,000 and CI$350,000, enjoy a reduced stamp duty rate of 3.75% on the portion above CI$250,000

Where more than one person is buying the property (up to a maximum of 10), the following rates apply: 

• pay 0% stamp duty on homes up to CI$600,000 and land up to CI$450,000 
• for homes between CI$600,000 and CI$700,000, enjoy a reduced stamp duty rate of 3.75% on the portion above CI$600,000 
• for land between CI$450,000 and CI$550,000, enjoy a reduced stamp duty rate of 3.75% on the portion above CI$450,000

Who qualifies as a second-time Caymanian buyer? 

To benefit from second-time buyer status in the Cayman Islands, you must: 

• be a Caymanian or hold Caymanian status
• previously owned one property in the Cayman Islands, irrespective of whether you:
  • still own that first property; or
  • were a Caymanian or held Caymanian status at the time you bought that property

Benefits for second-time buyers

The following rates apply to a buyer purchasing their second property: 

• for homes up to CI$600,000, a reduced stamp duty rate of 3.75% 
• for land up to CI$300,000, a reduced stamp duty rate of 3.75%

Where more than one person is buying the property (up to a maximum of 10), the following rates apply:

• for homes up to CI$700,000, enjoy a reduced stamp duty rate of 3.75%
• for land up to CI$550,000, enjoy a reduced stamp duty rate of 3.75%