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Compass News
Stamp duty increases on luxury homes
Homeowners looking to buy luxury properties over $2 million will have to dig deeper to pay government stamp duty.
Lawmakers have approved a 10 per cent increase in duties for higher-end properties.
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Cayman Compass
Driving instructors suggest road tests for new Cayman residents
“Which one is the brake and which is the gas?”
It’s a question driving instructor Luke McCoy says he hears surprisingly often – not from teenagers on their first day behind the wheel, but from new residents arriving in Cayman with full foreign driver’s licences and seeking a “familiarisation” lesson before taking to the roads.
What concerns him more are the people who don’t seek a lesson at all.
He and other driving instructors highlight a concern over people arriving on the islands with weak, fake or bought licences that can be swapped for a Cayman licence with limited scrutiny.
Cayman’s population includes residents from more than 130 nationalities. Many come from road systems with different rules and different layouts. Some have never seen a roundabout or a four-way stop.
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