The government of the the Turks and Caicos Islands officially announced the extension of the reduction of stamp duty effective April 1st to June 30th 2009.  This is great news for buyers and sellers in the real estate industry.  The stamp duty will remain at a low 6 %.  This is part of the economic stimulus program to encourage buyers to the Turks and Caicos.  With real estate prices dropping and a smaller stamp duty to pay upon purchasing, this is the ideal time to buy land, condominiums and homes in the Turks and Caicos Islands.