A. Yes. First time Caymanian property purchases are exempt from paying stamp tax on properties less than $300,000 CI. For houses, apartments or other dwellings valued above CI$300,000 but not exceeding CI$400,000 the first time Caymanian owner occupier pays Stamp Duty at a rate of 2%. For first time Caymanian buyers buying bare land valued above CI$100,000 but not exceeding CI$150,000 the stamp duty is calculated at 2%.