Transfer tax is charged at 2% of the price or market value whenever land or securities change hands in Jamaica, and the seller normally pays. Transfer tax exemptions are the cases in which the law removes or reduces that charge.
The best-known exemptions and reliefs are:
- Estates on death: the first J$10 million of a deceased person’s estate is free of transfer tax on death.
- Listed securities: trades in shares listed on the Jamaica Stock Exchange, including the Junior Market, are exempt.
- Small gains: where the tax would exceed 37.5% of the seller’s actual gain, a refund of the excess can be claimed.
- Specific relief orders and approved transfers, such as certain transfers to the government, approved charities or under development incentives.
In March 2026 the government announced a two-year 50% cut in transfer tax on properties in Trelawny, Hanover, Westmoreland and St Elizabeth, the parishes hardest hit by Hurricane Melissa. Check with an attorney whether a particular sale falls within it and how the relief is claimed.
Exemptions usually have to be claimed on the return and supported with documents. Tax Administration Jamaica decides whether one applies, so sellers should ask their attorney early rather than assuming.
Related terms: Transfer Tax, Transfer Tax on Death, Stamp Duty on Property Transfers, Estate Duty, TAJ, Registration fees and taxes.
Accurate as at October 2026. Exemptions and rates are set by law and can change.
