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Bahamas - Apply for Owner Occupied Exemption


Procedure

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Apply In-Person

  1. The Applicant has to submit an application to the Business License - Valuation Unit. Visit the following link for Address Details Link.
  2. The Applicant can download the Form from the following Form Link.
  3. Complete the application form with all details.
  4. After filling in all the details submit the Application Form along with the supporting documents as mentioned in the “Required Documents” section to the Business License – Valuation Unit.
  5. The Process time depends on the duration of the investigation.
  6. Once approved, the applicant will be informed through the proper communication channel.
  7. The applicant should then visit the office to collect the permit.





Required Documents

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  • Application Form
  • The property assessment number






Office Locations & Contacts

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Business Licence - Valuation Unit
Finance, Ministry of
Ground Floor Charlotte House
North Charlotte & Shirley Streets
P O Box 3017
Nassau, N.P., The Bahamas
Phone:(242) 325-2233/325-1171/325-2126
Fax:(242) 328-8003
Contact Address Details Link



Eligibility

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This exemption is for individuals who own and occupy their property (as their primary residence).



Fees

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No processing fee for this service.



Validity

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Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever




Documents to Use

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Application Form Link




Sample Documents

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Please attach sample completed documents that would help other people.




Processing Time

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Please explain processing time taken in obtaining the document/certificate.




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Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&>
from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.





Instructions

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Please provide other instructions related to the certificate/documents.
e.g. The state office holds birth records since january 1908.




Required Information

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  • Name of the Owner
  • Residence Address
  • Registered Account No.





Need for the Document

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By effectively renting their dwelling to themselves, the owner-occupier avoids paying tax on the imputed rent they would be paying to themselves.



Information which might help

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Please follow this link for useful information: Link



Other uses of the Document/Certificate

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Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.





External Links

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Place some external links which might help.




Others

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More information which might help people.





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