Calculate your buyer’s costs at the notary
The above calculation is based on the values entered by you. This information has been compiled as carefully as posible. You should take into account that there may be additional costs, such as investigations, including Personal Records Database (in Dutch: BRP), inspection of bankruptcy registry, Chamber of Commerce extracts, but also powers of attorney and extra bank charges. No rights can be derived from this calculation.
The actual delivery of an immovable property must always take place via a notary established on Bonaire. On the island we know two notary offices: notary office Mr. Robin A. Rispens and notary office Mr. Kenneth F Arends & Partners. The fixed rates are the same at both notary offices.
The buyer’s costs on Bonaire consist of:
- Transfer tax 5% or ABB 8% . For newly built houses you have to pay 8% ABB. For other transactions there are 5% transfer tax. The basis is the market value (usually the selling price). No transfer tax has to be paid on the value of the movable property.
- Notarial Fees . These notary fees consist of a legal fee deed of conveyance, increased by 8.50% office costs and 6% ABB on this whole. In special cases there may be additional costs, such as investigations, including BRP, Chamber of Commerce extracts, inspection of the bankruptcy register, but also powers of attorney and bank charges.
- The costs for the land register consist of registration in the register. This cost is $445.00 for the first $75,000.00 and $5.00 for every $1,000.00 more. In special cases the costs may be higher. Your civil-law notary can tell you more about this prior to a legal delivery. The maximum tariff is $ 2,195.00
- Mortgage costs . If a mortgage is established on a property, a mortgage deed is required. Additional costs consist of legal fee for the deed of mortgange. For the land register the cadastral fees for the deed of mortgage are $ 445.00 for the first $ 100,00.00 and $5.00 for every $1,000.00 (or part) more. The maximum tariff is $ 2,195.00.
The calculation of the fee of the Deed of Delivery is a complicated calculation, determined by the Joint Court of Justice. The amounts are derived from the Antillean guilder ($1 = NaF 1,79). For example, the base rate of $446.92 applies to the first NaF 30,000.00 hence the “special” amounts below, starting with $16,760.00. If desired, you can calculate the amounts using the table above.
This information has been compiled as carefully as possible. No rights can be derived from this calculation.
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