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ARTICLE · 18 JANUARY 2021

Stamp Duty And LTT In Jersey

Stamp duty is payable by the buyer of a freehold property. Land Transaction Tax is a tax equivalent to stamp duty which is payable on purchases of residential share transfer property.

JerseyReal Estate and Construction

Introduction

Stamp duty is payable by the buyer on a freehold purchase.

Land Transaction Tax ('LTT') is payable by the buyer on most residential share transfer transactions. Please see our specific guide on LTT.

Purchases

Current rates are as follows:

Residential
If the value exceeds £50,000 but does not exceed £300,000 £250 for the first £50,000 plus 1.5 % for each £100 (or part)
If the value exceeds £300,000 but does not exceed £500,000 £4,000 for the first £300,000 plus 2 % for each £100 (or part)
If the value exceeds £500,000 but does not exceed £700,000 £8,000 for the first £500,000 plus 3 % for each £100 (or part)
If the value exceeds £700,000 but does not exceed £1,00,000,000

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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