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148 Non-Belongers Land Holding Licences issued in 2 yrs
ROAD TOWN, Tortola, VI— The Government of the Virgin Islands issued 148 Non-Belonger Land Holding Licences in 2023 and 2024, generating over $12 million in stamp duty revenue.
'Landownership more important than tax revenue'- Dr Wheatley on Stamp Duty Waiver
DUFF’S BOTTOM, Tortola, VI- The Government of the Virgin Islands may have forfeited some $5.5M in much-needed revenue due to the waiving of Stamp Duty of land and property sales or transfer for locals and belongers last year; however, according to Deputy Premier Dr the Hon Natalio D. Wheatley (R7), the empowerment of the VI people was more important.
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