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By NEIL HARTNELL
Tribune Business Editor
A former Bahamas Real Estate Association (BREA) president yesterday urged the Government to rapidly clarify the situation surrounding Stamp Duty payable on real estate transactions, warning it would cause "total, total upheaval" if not addressed.
William Wong, of William Wong & Associates, told Tribune Business that the Treasury's seeming increasing use of real property tax valuations/assessments to determine the amount of Stamp Duty due on real estate transactions meant both buyers and sellers "do not know" what they will ultimately have to pay.
"I think it'll kind of put the buyers in an awkward spot," Mr Wong s ...
My wife and I would like to extend our heartful condolences to Mrs. Wong, their loving children, extended families and friends. We hope that the Lord would continue to bless each of them. When hearing the news that Hubert Wong had gone home to a much better place, my body suddenly became numb, because Wong was like a father to me. While he may never know this, he was just that and a very true friend, because I never had a father to talk to.
Grand Bahama completely dominated the awards presentation of the Bahamas Bodybuilding and Fitness Federation (BBFF) this year, taking all but one of the athlete of the year awards. According to BBFF President Danny Sumner, the feat is unprecedented, showing how far The Bahamas has progressed in the sport.