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.