The Housing Incentives Act of 2007 - Barbados
( ! ) This content is available only in the original language.
An Act to provide for the grant of fiscal incentives to developers who implement low-income housing projects.
The Minister may by order declare an applicant to be an approved developer for the purposes of this Act, where the applicant (a) proposes to undertake a housing project in a development relating to the construction of 15 or more houses; and (b) proposes to sell the houses and land...
(1) Subject to subsection (2), where an investor makes a loan to an approved developer of any sum of money raised for the purpose of financing any housing project, the interest received by the investor in respect of that loan shall be exempt from income tax during the development p...