The Executive Council of the Government of Anguilla has agreed to issue two Aliens Land Holding Licences to the Resorts & Residences of Anguilla Home Owners Associated Ltd., at Four Seasons Anguilla, on a freehold basis.
The first licence is for luxury condominium villa being on 0.18 of an acre on Registration Section West End, Block 17810, Parcel 173 being Villa 11, subject to the following:
a) Stamp duties are payable as follows:
(i) Under the Stamp Act 5% of EC$2,785,486.95 (EC$139,274.35);
(ii) Under the Alien Land Holding Regulation Act – 5% of EC$2,785,486.95 (Exempt)
Total EC$139,274.35
b) that Strata Lots described as SL. C04B and SL L101 situate in Block 17810 B. Parcel 201 in Regulation Section West End presently registered to the applicants, must be exchanged with SOF 82 Anguilla Holdings LLC; and
c) Regulations to be issued for Exemption.
Council authorised the issue of the Action Sheet before confirmation of the Minutes.
Action: PS, HA; DLS: HON. MIN HA
The second licence approved by the Executive Council is as follows:
“Council agreed to issue an Alien Land Holding Licence to hold on a freehold basis a luxury villa being 0.24 of an acre of land forming part of Resorts & Residences of Anguilla Home Owners Associated Ltd., a Condominium development at Four Seasons Anguilla Ltd., described as Registration Section West End, Block 17810 B, Parcel 184 (i.e.) Villa 22 subject to the following:
a) Stamp duties payable as follows:
(i) Under the Stamp Act – 5% of EC$7,135,376.90 (EC$356,768,83)
(ii) Under the Aliens Land Holding Regulation Act – 0% of EC$7,135,376.90 (Exempt)
TOTAL EC$356,768.85
b) Regulations to be issued for Exemption.
Council authorised the issue of the Action Sheet before confirmation of the Minutes.
Action: HA; DLS: HON. MIN HA.
