Increased Interest In Jersey Property Unit Trusts

Despite the removal of the seeding relief exemption from UK SDLT in March 2006, JPUTs have remained popular with individuals, fund promoters and investment groups worldwide for the purchase and holding of UK property.

With the increased interest in UK commercial property and London residential property, following the rallying call that we have finally reached the bottom of the market, there has been an upsurge of enquiries relating to the establishment of JPUTs. In addition, with the proposed income tax increase for UK based top earners, such persons are now seeking new ways of generating wealth in a tax efficient manner.

What is a JPUT?

A JPUT is a specialised trust with the trustee holding the assets on trust for the unit holders (the investors). The trust instrument sets out the terms of the trust and particularly the rights of the unit holders in relation to both capital and income.