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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