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New Stamp Duty Tax For 2016


With effect from 1 January 2016, the Finance (2016 Budget) (Jersey) Law has changed the stamp duty and land transaction tax payable on some residential property transactions. 


Stamp Duty

Registration Fee

Does not exceed £350,000



Between £350,000 and £450,000

Nil for the first £350,000, then 0.25% of the borrowing up to £450,000


Over £450,000

Standard rates


It should be noted that these reductions are only available to borrowers securing against a property which is their principal place of residence.

The First Time Buyer threshold for full stamp duty relief remains available on property purchase transactions up to a value of £400,000, for which only a registration fee of £80 is payable, with a reduced rate payable on properties up to a value of £450,000.

If you need any advice on how this may affect you please do get in touch with a member of our sales team on 01534 766689

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