Encouraging developers to build homes through strategic tax relief.
The Housing Development Corporation (HDC) facilitates tax exemptions for traders in newly constructed houses and land developers under Sections 42 (2) (c) and 45C of the Income Tax Act. This initiative aims to stimulate private construction and land development, providing incentives to encourage the growth of affordable housing across Trinidad and Tobago.
Must be registered as a Trader in Newly Constructed Houses.
The house construction must have commenced after February 1, 2013.
The total cost of the house (excluding land) must not exceed $1.5 million TTD.
The land development project must have commenced on or after October 1, 2012.
The initial sale of the residential house site must be completed on or before December 31, 2025.
The project must be at least one acre and include residential plots of at least 5,000 sq. ft..
The project must meet development planning standards for roads, drainage, and utilities.
Income Tax Exemption
Gains and profits from the initial sale of houses or land development projects are exempt from income tax.
Incentives for Developers
Encourages private-sector investment in affordable housing and land development.
Support for Traders
Reduces tax burdens on registered traders selling newly constructed homes.
Government-Approved Benefits
Tax exemption certificates are issued directly from the Minister of Housing and Urban Development.
Step 1: Obtain the Application Form
Visit HDC’s Head Office at 44-46 South Quay, Port of Spain to collect the application form.
A non-refundable application fee of $100 TTD is required.
Step 2: Submit Required Documents
For Traders in Newly Constructed Houses:
Proof of registration as a trader
Deed of Conveyance & Building Permit
Contract & proof of construction start date
Bill of Quantities & source of funds
Annual returns & valid tax clearance certificates
For Land Developers:
Proof of registration as a land developer
Evidence of project start date (on or after October 1, 2012)
Evidence of land planning approvals & clearances
Proof that land was allocated for residential development
Building Permit & Certificate of Completion
Step 3: Evaluation & Certificate Issuance
Applications are reviewed and verified by HDC.
A report is prepared and submitted to the Minister of Housing and Urban Development for approval.
Tax Exemption Certificates are issued upon successful evaluation.
Get Your Tax Exemption Today!
Maximize your profits and contribute to housing development in Trinidad & Tobago.
Housing Construction Incentive Programme
Incentives for private developers to build affordable homes across Trinidad and Tobago.
HDC Construction Programme
Provides affordable housing through infill lots, joint ventures, and urban housing projects.
Home Construction Subsidy
Matching subsidy of up to TT$20,000 for low-income home repairs and upgrades.
