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Do you qualify for first time buyer stamp duty relief or land transaction relief?
First Time Property Buyers | Residential Property
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 (there are exceptions).
- 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 £500,000.
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.
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.
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