The Ministry of Finance has approved duty-free importation of building materials and furniture for Bahamian first-time home owners solely for the purpose of constructing a dwelling in an approved subdivision granted by the Government of The Bahamas under the provision of Tariff Code Act.

This exemption applies to the following service lots: Carmichael Village, Prospect Ridge Community Lots, Gambier and Family Island lots. The exemption applies to local and international purchases.

Learn more about Affordable Home Exemption eligibility requirements.

See guidance documents from the Revenue Department, Ministry of Finance about the tax concessions available for the Affordable Homes Exemption.

Nationality

• Bahamian citizens, 18 years old or older, residing in The Bahamas or abroad

Exemption Period

• Applicants have up to two years to claim approved concessions. This exemption is available for two years, ending in December 2023.

Location & Prerequisites

• Applicants must be approved for government service lots throughout The Bahamas.

Frequency of Application

• Applicants may apply only once for building supplies and furniture on the initial application. Furniture concessions will be approved subject to receipt of the occupancy certificate.

Supporting Documents

• Applicants must provide the following support documents:
• Passport
• NIB card
• Government land approval letter
• Stamp or certification from the Department of Housing
• Architectural plan
• Copy of invoice(s) or quote
• Copy of location/site plan from the Department of Housing

Terms and Conditions

• The value of furniture and appliances will be equal to the amount of rooms in the house, likewise for appliances per room/per household. They are subject to inspection and review.
• Applications without the required attachments will be considered incomplete.
• Applicants have up to 30 days after submission to provide the relevant information.
• If rejected, the applicant is required to pay the normal duties stipulated by the Customs Department.