The Barbados Revenue Authority continues to follow through with its promise to pursue land tax defaulters and has listed another series of properties for sale.
Manager of Communications and PR at the revenue collecting agency, Carolyn Williams-Gayle, indicated that the Authority’s focus was on returning tax-defaulted properties to a revenue-generating status.
“Last year, we indicated that the Authority would be seeking to recoup monies from chronic land tax defaulters and we started by publishing 68 properties for sale with arrears totaling approximately $15 million inclusive of penalties and interest. Five of those properties were sold while the others met with our Tax Arrears Management Unit to enter into payment arrangements on their outstanding debts.
“This series of properties is a continuation of that drive. What was published includes just under 30 properties for sale, owing approximately $3.4 million in outstanding taxes. The list includes vacant lots and properties with structures and buildings,” she shared.
Mrs. Williams-Gayle also noted that the auctions are scheduled between January and February 2020, however, property owners have up to the day of the auction to contact the Authority and make arrangements to pay their arrears.