Dr. Grant Gibbons .

They were the Stamp Duties Amendment (No.3) Act 1995 and the Miscellaneous Taxes Amendment (No.2) Act 1995.

The first act repeals the controversial provision to levy a ten percent capital gains tax on foreign-owned homes being sold.

The second act delays until January, 1997, the levying of fees on certain professionals who register with industry organisations.

In his February Budget, then Finance Minister Dr. David Saul , now Premier, announced "a ten percent stamp duty on the gain in value on the resale of (property purchased by non-Bermudians) with the duty being paid by the vendor''.

The tax was to be applied to the entire difference between the vendor's original purchase price and the sale price.

The Budget also controversially insisted that every registered member of a professional organisation pay a new tax, ranging from $50 a year for nurses, occupational therapists and radiographers, to $2,500 for doctors.