Exemptions

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  • (a) The tax imposed by this chapter shall not apply to a transfer of title—

    • (1) from or to the United States or the Virgin Islands of the United States, or any instrumentality thereof;

    • (2) solely in order to provide or release security for a debt or obligation;

    • (3) which confirms or corrects a deed previously recorded;

    • (4) involving the sale of property for delinquent taxes;

    • (5) involving partition of real property;

    • (6) involving deeds given pursuant to mergers, dissolution or consolidations of corporations or transfers by or to subsidiary corporations and a parent corporation for no consideration other than cancellation, surrender or exchange of the parent's or the subsidiary's stocks.

    • (7) to a nonprofit organization organized under title 13 Virgin Islands Code, chapter 3 which has submitted a certificate of good standing issued by the Lieutenant Governor.

    • (8) With respect to all deeds between husband and wife, parents and children, step-parents and step-children, legal guardians and wards, brothers and sisters, grandparents and grandchildren, great grandparents and great grandchildren, uncles and nieces and nephews, aunts and nieces and nephews, and between cousins up to and including the second degree.

    • (9) By deed of conveyance to the trustee or trustees of a trust; provided, however, that the beneficiaries of the trust are, with respect to the grantor or grantors, persons in a relationship described in subparagraph (8) of this subsection.

    • (10) By deed of conveyance by a trustee or trustees of a trust; provided, however, that the grantee or grantees are, either the original grantor or grantors or, with respect to the original grantor or grantors of the property to the trust, persons in a relationship described in subparagraph (8) of this subsection.

  • (b) All individuals, organizations or entities claiming an exemption from stamp taxes pursuant to subsection (a) of this section shall submit an affidavit setting forth with particularity the facts or legal basis in support thereof.


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