Cayman Islands Property Stamp Duty & Closing Calculator
Compute statutory conveyance stamp duty (7.5%), first-time Caymanian buyer concessions (0% up to CI$ 500k), mortgage stamp duties (1.0% to 1.5%), and legal closing costs across Grand Cayman, Cayman Brac, and Little Cayman in both KYD and USD.
⚡ Quick Property Scenarios
Standard rate applied
No bank financing
Duties + Legal + Land Registry
📊 Comprehensive Closing Settlement Statement
| Closing Outlay Item | Statutory Basis / Rate | Amount (KYD) | Amount (USD) |
|---|
⚖️ Cayman Islands Statutory Stamp Duty Matrix
Official statutory tiers governed by the Stamp Duty Act (2019 Revision) and administered through the Lands & Survey Department:
| Transaction / Buyer Type | Property Value Band | Statutory Duty Rate | Effective Exemption / Benefit |
|---|---|---|---|
| Standard / Non-Caymanian Purchaser | All property values | 7.5% Flat | No statutory concessions apply |
| First-Time Caymanian (Built Home) | Up to CI$ 500,000 | 0.0% (100% Exempt) | Saves up to CI$ 37,500 (US$ 45,000) |
| First-Time Caymanian (Built Home) | CI$ 500,001 – CI$ 600,000 | 2.0% on excess | 0% on first 500k; 2% on remainder up to 600k |
| First-Time Caymanian (Bare Land) | Up to CI$ 400,000 | 0.0% (100% Exempt) | Saves up to CI$ 30,000 (US$ 36,000) |
| First-Time Caymanian (Bare Land) | CI$ 400,001 – CI$ 500,000 | 2.0% on excess | 0% on first 400k; 2% on remainder up to 500k |
| Mortgage Principal Stamp Duty | Up to CI$ 300,000 | 1.0% Flat | Max CI$ 3,000 duty on first CI$ 300,000 |
| Mortgage Principal Stamp Duty | Exceeding CI$ 300,000 | 1.5% on excess | CI$ 3,000 + 1.5% of sum exceeding CI$ 300,000 |
Lead software engineer and computational compliance specialist with over a decade of experience designing verified legal calculators and economic modeling engines. This Cayman Islands Property Stamp Duty Calculator conforms strictly to the Stamp Duty Act (2019 Revision) and guidelines issued by the Lands & Survey Department of the Cayman Islands Government.
❓ Frequently Asked Questions (Cayman Real Estate)
What is the standard stamp duty rate on Cayman Islands real estate purchases? ▼
Under the Stamp Duty Act (2019 Revision), real estate transfers across Grand Cayman, Cayman Brac, and Little Cayman are subject to a flat 7.5% stamp duty levied on the market value of the property or the contractual purchase price (whichever is higher), payable to the Lands & Survey Department within 45 days of execution.
What concessions exist for first-time Caymanian property buyers? ▼
First-time Caymanian purchasers buying an owner-occupied developed home receive a 100% stamp duty waiver (0%) on property values up to CI$ 500,000, with a discounted 2% rate applying only on the portion between CI$ 500,001 and CI$ 600,000. For raw land, 0% applies up to CI$ 400,000 and 2% between CI$ 400,001 and CI$ 500,000. Above the upper thresholds, the standard 7.5% applies to the total value.
How is mortgage stamp duty calculated in the Cayman Islands? ▼
Secured commercial bank mortgages attract statutory stamp duty of 1.0% on principal borrowing amounts up to CI$ 300,000. Any borrowed sum in excess of CI$ 300,000 incurs 1.5% stamp duty on that surplus portion. Cash and unencumbered transactions incur no mortgage stamp duty.
Are there any annual property taxes or capital gains taxes in Cayman? ▼
No. The Cayman Islands has no annual real estate or property taxes, no municipal council rates, no capital gains taxes, and no estate or inheritance taxes. Once stamp duty and initial conveyancing closing fees are paid at acquisition, real estate holding costs are limited solely to strata/HOA fees, insurance, and utilities.
What is the official currency conversion rate between KYD and USD? ▼
The Cayman Islands Dollar is legally pegged to the United States Dollar at 1 KYD (CI$) = 1.20 USD (or US$ 1.00 = CI$ 0.8333). Bank transfers and legal conveyancing settlements may be executed in either currency at this statutory parity.
📊 Cayman Islands Statutory Fee & National Pension Matrix
| Statutory Component / Legal Deduction Item | Calculated Amount (KYD) |
|---|---|
| Primary Net / Statutory Payable Amount | CI$ 0.00 |