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(1) This Act may be cited as the Land Holding Companies Share Transfer Tax (Amendment) Act, 2025. (2) This Act comes into force on 1st January, 2026.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Amendment of section 3 of the Land Holding Companies Share Transfer Tax Act (2022 Revision) - returns, etc., of transfers to be delivered and tax payable 2. The Land Holding Companies Share Transfer Tax Act (2022 Revision) is amended in section 3 as follows \u2014 I Assent, Jane Owen Governor Date: 17th December, 2025 Land Holding Companies Share Transfer Tax (Amendment) Act, 2025 (a) in subsection (1), by repealing paragraph (c) and substituting the following paragraph \u2014 \u201c(c)  a sum for the benefit of the revenue \u2014 (i) equivalent to seven and one-half per cent of the consideration for or of the taxable value of the transfer, whichever is greater, in the case where the consideration for or the taxable value of the transfer is less than two million dollars; and (ii) equivalent to ten per cent of the consideration for or of the taxable value of the transfer, whichever is greater, in the case where the consideration for or the taxable value of the transfer is two million dollars or more.\u201d; and (b) by repealing subsection (2). Land Holding Companies Share Transfer Tax (Amendment) Act, 2025\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Transitional provisions 3. Where \u2014 (a) a transfer was completed before the date of the commencement of this amending Act; (b) but, at the date of the commencement of this amending Act, thirty-one days had not expired after the completion of the transfer; and (c) the transfer had not been submitted under section 3 of the Land Holding Companies Share Transfer Tax Act (2022 Revision) at the date of the commencement of this amending Act, the sum under section 3(1)(c) of the Land Holding Companies Share Transfer Tax Act (2022 Revision) which relates to the transfer, and which applied prior to such date of commencement, shall apply as if this amending Act had not come into force. Passed by the Parliament the 12th day of December, 2025. Hon. D. 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TO INCREASE THE RATES OF TAX PAYABLE IN THE CASE OF A\nTRANSFER OF ANY EQUITY CAPITAL OF A LAND HOLDING CORPORATION WHERE\nTHE VALUE OF THE TRANSFER IS TWO MILLION DOLLARS OR MORE; AND FOR\nINCIDENTAL AND CONNECTED PURPOSES\nENACTED by the Legislature of the Cayman Islands.\n1.\nShort title and commencement\n1.\n(1) This Act may be cited as the Land Holding Companies Share Transfer Tax\n(Amendment) Act, 2025.\n(2) This Act comes into force on 1st January, 2026.\n2.\nAmendment of section 3 of the Land Holding Companies Share Transfer Tax\nAct (2022 Revision) - returns, etc., of transfers to be delivered and tax\npayable\n2.\nThe Land Holding Companies Share Transfer Tax Act (2022 Revision) is amended in\nsection 3 as follows \u2014\n(Act 16 of 2025)\nI Assent,\nJane Owen\nGovernor\nDate: 17th December, 2025\n\nSection 2\nLand Holding Companies Share Transfer Tax (Amendment) Act, 2025\n\nPage 4\nAct 16 of 2025\nc\n\n(a)\nin subsection (1), by repealing paragraph (c) and substituting the following\nparagraph \u2014\n\u201c(c)  a sum for the benefit of the revenue \u2014\n(i)\nequivalent to seven and one-half per cent of the consideration\nfor or of the taxable value of the transfer, whichever is greater,\nin the case where the consideration for or the taxable value of\nthe transfer is less than two million dollars; and\n(ii) equivalent to ten per cent of the consideration for or of the\ntaxable value of the transfer, whichever is greater, in the case\nwhere the consideration for or the taxable value of the transfer\nis two million dollars or more.\u201d; and\n(b) by repealing subsection (2).\n\nLand Holding Companies Share Transfer Tax (Amendment) Act, 2025\nSection 3\n\nc\nAct 16 of 2025\nPage 5\n\n3.\nTransitional provisions\n3.\nWhere \u2014\n(a)\na transfer was completed before the date of the commencement of this\namending Act;\n(b) but, at the date of the commencement of this amending Act, thirty-one days\nhad not expired after the completion of the transfer; and\n(c)\nthe transfer had not been submitted under section 3 of the Land Holding\nCompanies Share Transfer Tax Act (2022 Revision) at the date of the\ncommencement of this amending Act,\nthe sum under section 3(1)(c) of the Land Holding Companies Share Transfer Tax\nAct (2022 Revision) which relates to the transfer, and which applied prior to such date\nof commencement, shall apply as if this amending Act had not come into force.\nPassed by the Parliament the 12th day of December, 2025.\nHon. 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