Ms Chelon Carr-Newbold

Chelon Carr-Newbold

Lawyer biography

Chelon is a Partner in the Real Estate Group and Shipping Group in the Nassau office. She obtained a Bachelor of Arts from the University of Western Ontario in London, Ontario in 1991. She obtained valuable work experience in the business sector from 1991 to 1993 and then went on to study law at the University of Leeds in Leeds, England where she obtained a Bachelor of Laws (LL.B) (with Honours) in 1995. Chelon was admitted to the Bar in England and Wales and The Bahamas in 1996. She joined the firm in 1996.

Chelon has considerable experience in residential and commercial property acquisition and financing, residential and commercial leases, subdivisions and condominiums.  Her experience extends generally to corporate and commercial matters and estates.  Her shipping experience includes advising on all aspects of ship financing and registration of ship mortgages.

Chelon is routinely involved in multi-jurisdictional real estate, commercial and shipping transactions and is accustomed to working with real estate developers, foreign counsel, financial institutions, corporate and private clients based throughout the world.

Areas of Expertise

  • Real Estate
  • Shipping

Updates

Private Client & Offshore Services

New tax reforms in effect
Bahamas | 18 July 2019

In the 2019/2020 Budget Communication the government announced various tax reforms which came into effect on 1 July 2019. Among other things, the cap on owner-occupied property has increased from B$50,000 to B$60,000 per year and stamp duty on real property has been replaced by value added tax (VAT) at the same rates. Further, any party that is required to become a VAT registrant must have a business licence.

Buying real estate – when to engage an attorney?
Bahamas | 21 February 2019

After finding the ideal property to purchase, what is the next step? Engage an attorney. An attorney can help to connect real estate buyers with key service providers in order to arrange, among other things, home inspections or insurance. Involving an attorney will make the difference between a smooth transaction that meets the expectations of the buyer versus one that is fraught with issues, unrealistic expectations and other obstacles which could have been avoided with the benefit of early advice and proper planning.

New real property tax incentives
Bahamas | 16 May 2013

In an effort to provide tax relief and to update the real property tax register, the Bahamian government has implemented real property tax incentives. Among other things, owners of residential properties who remain current with their payments over the next three years will receive a 5% rebate of their annual real property tax assessment.

Real Estate

New tax reforms in effect
Bahamas | 19 July 2019

In the 2019/2020 Budget Communication the government announced various tax reforms which came into effect on 1 July 2019. Among other things, the cap on owner-occupied property has increased from B$50,000 to B$60,000 per year and stamp duty on real property has been replaced by value added tax (VAT) at the same rates. Further, any party that is required to become a VAT registrant must have a business licence.