Bermuda Immigration and Protection (Land-Holding Charges) Regulations 2007
BERMUDA IMMIGRATION AND PROTECTION (LAND-HOLDING
CHARGES) REGULATIONS 2007


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BR 56 / 2007

BERMUDA IMMIGRATION AND PROTECTION ACT 1956

1956:30

BERMUDA IMMIGRATION AND PROTECTION (LAND-HOLDING
CHARGES) REGULATIONS 2007


The Minister responsible for immigration, after consultation with
the Minister of Finance, in exercise of the powers conferred by section
102C (1)(a) of the Bermuda Immigration and Protection Act 1956, makes
the following Regulations:

Citation
1 These Regulations may be cited as the Bermuda Immigration
and Protection (Land-Holding Charges) Regulations 2007.

Schedule of charges
2 (1) The land-holding charges payable under section 96(2) of the
Bermuda Immigration and Protection Act 1956 are set out in the
Schedule.

(2) The charges in subsection (1) shall be payable to the
Accountant General in accordance with these Regulations.

Reduction or deferral of charge
3 A hotel developer (as defined in section 2(1) of the Hotels
Concession Act 2000) is entitled to a reduction or deferral of a land-
holding charge to the extent that that is provided for in an order made
under section 4 of that Act.

Refund of charge
4 (1) Where a licence has been issued to a restricted person and
the licence lapses without the land being conveyed to the licensee, the

BERMUDA IMMIGRATION AND PROTECTION (LAND-HOLDING
CHARGES) REGULATIONS 2007

restricted person may apply to the Minister for a refund of the land-
holding charge in respect of that application, setting out the reasons for
the application.

(2) The Minister shall refer the application to Cabinet to decide
whether the charge is to be refunded.

SCHEDULE (regulation 2)
LAND-HOLDING CHARGES

Type of
restricted
person

Type of land Means of
holding or
acquisition of land

Charge

Spouse of
Bermudian

Residential
valuation unit

Jointly with Bermudian
spouse

Nil

Any Residential
valuation unit
that is not a
condominium
unit

Any, other than
by devise, inheritance
or voluntary
conveyance

22% of
the value
of the land

Any Condominium
unit

Any, other than by
devise, inheritance or
voluntary
conveyance

15% of
the value
of the land

Any Tourist accommodation that
is not a residential valuation
unit

Any, other than by devise,
inheritance or voluntary
conveyance

15% of the
value of
the land

Any Any, other than
a residential
valuation unit

Any 5% of
the value
of the land





Made this 22nd day of June, 2007







Minister of Labour and Immigration


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