Taxation
(Enveloped Property Transactions) (Statements) (Jersey) Order 2022
Made 11th March 2022
Coming into
force 4th April 2022
THE MINISTER FOR TREASURY AND RESOURCES makes this Order under
Articles 8(1) and 9(2) and (3) of the Taxation (Enveloped Property
Transactions) (Jersey) Law 202- –
1 Interpretation
In this Order, “Law”
means the Taxation (Enveloped Property Transactions) (Jersey) Law 202-.
2 Statement under Article 8 of the
Law
(1) This
Article prescribes the information required to be contained in a statement for
the purposes of Article 8 of the Law (which requires a person who acquires
a significant interest in an entity that owns enveloped property to deliver a
statement to the Comptroller).
(2) A
statement must contain the following information about the entity that owns the
enveloped property –
(a) the name of the entity;
(b) the registered address of
the entity;
(c) the place of
incorporation (or other form of establishment) of the entity;
(d) the tax identification
number issued by the Comptroller for the entity.
(3) A
statement must contain the following information about the person or entity
from which the interest was acquired –
(a) the name of the person or
entity;
(b) the usual address of the
person or, in the case of an entity or a person that is not an individual, the
address of its registered office;
(c) the registration number
(if any) of the entity.
(4) A
statement must contain the following information about the enveloped
property –
(a) the address of the
property;
(b) the market value of the
property;
(c) whether the property is
listed as used for domestic or non-domestic use under the Rates (Jersey)
Law 2005.
(5) A
statement must contain the following information about the transaction –
(a) the name and address of
the person who acquires a significant interest;
(b) the name and address of a
connected person (if any) who acquires a significant interest;
(c) the amount of enveloped
property transaction tax;
(d) the amount of surcharge
(if any) under Article 13 of the Law;
(e) the total amount due
under the Law;
(f) the date of the
transaction;
(g) the declaration required
by Article 8(3) of the Law.
3 Statement under Article 9 of the
Law
(1) This
Article –
(a) prescribes the
information required to be contained in a statement for the purposes of Article
9 of the Law (which requires an entity to provide a statement to the
Comptroller if a relevant transaction takes place in relation to the entity);
and
(b) prescribes the form of
the statement.
(2) A
statement must contain the following information about the entity –
(a) the name of the entity;
(b) the registered address of
the entity;
(c) the tax identification
number issued by the Comptroller for the entity;
(d) the address of each enveloped
property owned by the entity.
(3) A
statement must contain the following information about the person who acquires
a significant interest –
(a) the name of the person;
(b) the usual address of the
person or, if the person is not an individual, the address of its registered
office;
(c) if the person is not an
individual, its registration number.
(4) A
statement must be made using –
(a) the electronic form
provided for the purpose by the Comptroller; or
(b) if the Comptroller
provides an alternative means of making the statement, either the electronic
form or the alternative means.
4 Citation and commencement
This Order may be cited as the Taxation (Enveloped Property
Transactions) (Statements) (Jersey) Order 2022 and comes into force on the
commencement of the Taxation (Enveloped Property Transactions) (Jersey) Law
202-.
Deputy S.J. Pinel of St.
Clement
Minister for Treasury and Resources