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Residential Property | Jersey | First time buyer stamp duty or LTT relief

First Time Buyers of Freehold or Share Transfer Property

Do you qualify as a first time buyer for stamp duty or land transaction relief?

In order to qualify for a concessionary rate as a first time 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.

How Parslows can help

Parslows conveyancing and property team provide an exceptional service to all our clients, whether you are a first time buyer or some way up the property ladder.

Our conveyancers and property lawyers are focused on providing you with expert residential conveyancing advice with a truly personal service.

We advise on all aspects of property law: whether it be advice on private loans, financing, off plan and building contracts or option agreements, landlord and tenant advice or regulatory advice we can assist.

Our clients are pleased with our service and fees, we are confident you will too.

For further information or a fixed fee for your conveyancing work please do not hesitate to email us atrespropertyteam@parslowsjersey.com or call 630530;

The information and opinion expressed in this briefing does not purport to be definitive or comprehensive and are not intended to provide professional advice. For specific advice, please contact Parslows, We are not responsible for, and do not accept any responsibility or liability in connection with, the content of this document or any reliance upon it.

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