Bahamas - Apply for Owner Occupied Exemption

Advertisement

Procedure

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.

Advertisement

Required Documents

• Application Form
• The property assessment number

Office Locations & Contacts

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

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

Fees

No processing fee for this service.

Validity

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

Documents to Use

Application Form Link

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

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

Related Videos

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

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

Required Information

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

Need for the Document

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

Please follow this link for useful information: Link

Other uses of the Document/Certificate

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

External Links

Place some external links which might help.

Others

More information which might help people.