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Cayman Islands lawyer inquiry regarding collection of stamp duty for unregistered leases

PrintPeter Polack, a Cayman Islands lawyer, is concerned about the collection or non-collection of stamp duty for unregistered leases.

Polack, speaking to iNews Cayman said, “In a time of government austerity and no progress for tenant rights under the Registered Land Law it would be useful if the Chief Officers of the relevant CIG [Cayman Islands Government] portfolios advise the public of their progress or lack thereof in collection of stamp duty for unregistered leases.”

He sent off the following inquiry to the Chief Officer, Kenneth Jefferson with a copy to Finance Minister Marco Archer.

Kindly confirm the following information within seven days hereof:

1. That all UK senior members of the RCIPS have fulfilled their stamp duty obligations for the years 2009-2015 for rented accommodation and/or unregistered leases.

2. That all foreign employees of CIG have fulfilled their stamp duty obligations for the years 2009-2015 for rented accommodation and/or unregistered leases.

3. Amounts collected by CIG for stamp duty under Section 20(4) for the years 2009-2015 for rented accommodation and/or unregistered leases.

4. Section 30(1)enforcement action taken by your portfolio for stamp duty under Section 20(4) for the years 2009-2015 for rented accommodation and/or unregistered leases.

You are reminded of your obligations under the Public Service Management Law.

END

We will be very interested in the response.

IMAGE: www.mortgageadvicebureau.com

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