Taxation
(Land Transactions) (LTT Statements and Receipts) (Jersey) Order 2019
1 Interpretation
In this Order, “Law”
means the Taxation
(Land Transactions) (Jersey) Law 2009.
2 LTT statement for
transactions under Article 3(1)(a) or (b) of the Law
(1) This
Article applies to a transaction described in Article 3(1)(a) or
Article 3(1)(b) of the Law.
(2) The
information prescribed under Article 4(1)(a) of the Law is –
(a) the name, registered
office, and registration number of the company whose shares are to be
transferred or issued (including any transfer solely of beneficial ownership);
(b) the name and address of
the transferee of the shares;
(c) the address of the
property to which the shares give a right of occupation;
(d) a declaration as to
whether the transfer relates to –
(i) a declaration of trust,
(ii) the substitution of a
beneficiary to a trust;
(da) a declaration as to whether
the property to which the share gives a right is being acquired for use as the
main residence of the person to whom the share is transferred;
(db) a declaration as to whether
the property to which the share gives a right is a dwelling being acquired for
the purpose of it forming part of the stock of a trade taxable under Article 51(1)(b)
of the 1961 Law;
(e) the applicable rate of
LTT under the Schedule to the Law, that is to say –
(i) under paragraph 2 (basic),
(ii) under paragraph 4 (first-time
buyer),
(iia) under paragraph 5
(properties that are not main residences),
(iii) under paragraph 8 (charitable
occupier),
(iv) under paragraph 9
(devolution of deceased person’s estate), or
(v) under paragraph 6 or paragraph 7 (matrimonial
or civil partnership – joint into sole or sole into joint);
(f) the value of the
property to which the shares give a right of occupation;
(g) the LTT due;
(h) the amount of any
surcharge payable;
(i) the total amount due;
(j) the date of the
transaction;
(k) a declaration to the
effect that the information entered in the statement is true, complete, and
correct, to the best of the knowledge and belief of the person giving that
statement.[1]
3 LTT statements for
transactions under Article 3(1)(c) of the Law
(1) This
Article applies to a transaction under Article 3(1)(c) of the Law.
(2) The
information prescribed under Article 4(1)(a) of the Law is –
(a) the name, registered
office and registration number of the company over whose shares the security
interest is created;
(b) the name and address of
the holder of the security over the shares;
(c) the name and address of
the shareholder;
(d) the address of the
property to which the shares give a right of occupation;
(e) the applicable rate of
LTT under the Schedule to the Law, that is to say –
(i) under paragraph 3 (basic),
(ii) under paragraph 3B (lower
value residential property),
(iii) under paragraph 3A
(remortgage), or
(iv) under paragraph 8
(secured party in relation to a charitable occupier);
(f) the value of the
property to which the shares give a right of occupation;
(g) the LTT due;
(h) the amount of any
surcharge payable;
(i) the total amount due;
(j) the date of the
transaction;
(k) a declaration to the
effect that the information entered in the statement is true, complete, and
correct, to the best of the knowledge and belief of the person giving that
statement.
4 LTT receipt
For the purposes of
Article 9(3) of the Law, an LTT receipt may be issued in electronic or
paper form and must contain confirmation from the Comptroller that LTT has been
paid.
5 Fee for replacement LTT
receipt
The fee prescribed under
Article 19(2) of the Law for a replacement LTT receipt is £50.
6 [2]
7 Citation and
commencement
This Order may be cited
as the Taxation (Land Transactions) (LTT Statements and Receipts) (Jersey)
Order 2019 and comes into force on 1st January 2020.