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First time buyer stamp duty or LTT relief | Residential Property & Conveyancing | Parslows Jersey
Do you qualify for first time buyer stamp duty relief or land transaction relief?
In order to qualify for a concessionary rate for first time property buyer stamp duty, as a first time Jersey property buyer, you must satisfy all of the following:-
- You must have Entitled status, pursuant to the Control of Housing and Work (Residential and Employment Status) (Jersey) Regulations 2013, or be buying jointly with an Entitled spouse or civil partner.
- You may never have owned or been entitled to occupy dwelling accommodation (whether in Jersey or elsewhere) by virtue of having owned or jointly owned that dwelling accommodation. This includes share transfer ownership, having the benefit of a contract lease or having accommodation held in the name of a nominee or trustee, and having inherited property.
- The purchase price may not be less, or substantially less, than the gross value of the property as sold.
- The purchase price must not exceed £450,000.
It should be noted that a person with Licensed (formerly known as j-category) status cannot qualify for any first time concession, and that where a purchase is being made jointly, both parties must satisfy the criteria.
Lindsey Power | Conveyancing Manager| Residential Property Lawyers
For advice, assistance or further information on first time buyer stamp duty please do not hesitate to call 630530 or email us on firstname.lastname@example.org or call 630530.
How Parslows Jersey can help
We offer fixed no surprises conveyancing fees.
Whether you’re a first-time buyer, or some way up the Jersey property ladder, our team of conveyancers provide an exceptional service for all our clients that is timely, accurate and pragmatic, and handled in an uncomplicated and friendly way. We are regularly thanked by our clients for our reasonable rates, our exemplary service, our communication with clients and for ensuring that the whole process runs efficiently. We understand that buying or selling property in Jersey matters.
Parslows conveyancing and property team provide an exceptional service to all our clients. Our clients are pleased with our service and fees; we are confident you will be too.
Please note that the information provided on this website is for general information purposes only and is designed to provide you with an outline of the legal services we offer. Whilst we endeavour to ensure our information is correct and useful, we make no representations or warranties regarding the accuracy or completeness of the information offered. Information on our website does not constitute legal advice and Parslows Jersey accepts no liability for any loss or damage arising out of, or in connection with, the information found in this website. Please consult a lawyer at Parslows Jersey in the event that you require professional assurance that our information, and your interpretation of the same, is correct.