60 Second Series – Chattels

Today Mabel shares information on Chattels in our 60 second series. Chattels are also known as inventory. Most homes and condos in the Cayman Islands come already furnished with saves the purchaser money when they are starting out in a new place. Chattels are usually hard furnishings, including bedrooms, dining rooms, and there are almost always appliances included in the Chattel. One thing to know is that you don’t pay stamp duty on the chattels that are allocated to the property. If you need more information on chattels, feel free to reach out to us.