Property Tax Review

Friday 24 October 10:07

The Property Tax Review Green Paper was presented to the States on 18th July 2014 by the Minister for Treasury and Resources. The deadline for responses is 5pm on 31st January 2015.

Chamber will be responding formally once consultations have been undertaken with members, however, Chamber urge all members to obtain a copy of the paper from:

http://www.gov.je/Government/Consultations/Pages/Taxation-of-land-and-buildings-in-Jersey.aspx

as all businesses and Islanders could be effected by some or more of the matters being put forward for discussion.

Below are some of the headline issues highlighted for discussion within the paper:-

• Will the current rates system be abolished and replaced by a new tax.

• Taxing the occupier instead of the property owner.

• Taxing land owners.

• Taxing commercial properties either the land taxed to the owner or value taxed to the occupier.

• A new annual property tax to replace the existing rates system (recurrent property taxes).

• Change the current system whereby landlords do not pay twice, i.e. owners rates.

• Tax on commercial land, land value tax.

• Commercial property tax based upon property value.

• Tax so that the public benefit and share in the uplift in land values.

• Tax on super normal profits.

• Charging a tax on all property owners apart from owner occupiers of residential property when they sell.

• Tax developers more than the 20% tax on profits they currently pay.

• Development gains tax.

• Community infrastructure levy on developers.

• Windfall gains tax.

• Phasing our mortgage relief.

• Limit tax relief to landlords.

• Review of stamp duty (Land Transaction Tax).

What do you think?

Have your say...

comments powered by Disqus

Events

  • JeCC Spring Seminars kindley sponsored by Benest Corbett Renouf JeCC spring seminars, sponsored by Benest Corbett Renouf will focus on a range of issues affecting the industry today

    › read more
  • JeCC Spring Seminars, kindley sponsored by Benest Corbett Renouf JeCC spring seminars, sponsored by Benest Corbett Renouf will focus on a range of issues affecting the industry today

    › read more
  • Ibex Education-Implementing a Data Warehouse with MS SQL Server 2012/14 Calling all IT Professionals, We are delighted to invite enrolments for these Microsoft Official Courses at Ibex Education. All delivered on island by Microsoft Certified Trainers with prep for Microsoft exams (optional).

    › read more
  • Ibex Education - Implementing a Data Warehouse with MS SQL Server 2012/14 Calling all IT Professionals, We are delighted to invite enrolments for these Microsoft Official Courses at Ibex Education. All delivered on island by Microsoft Certified Trainers with prep for Microsoft exams (optional).

    › read more
  • Ibex Education-Administering MS SQL Server Database Calling all IT Professionals, We are delighted to invite enrolments for these Microsoft Official Courses at Ibex Education. All delivered on island by Microsoft Certified Trainers with prep for Microsoft exams (optional).

    › read more
  • Ibex Education - Administering MS SQL Server Database Calling all IT Professionals, We are delighted to invite enrolments for these Microsoft Official Courses at Ibex Education. All delivered on island by Microsoft Certified Trainers with prep for Microsoft exams (optional).

    › read more
  • Ibex Education - Querying MS SQL Server 2012/14 Calling all IT Professionals, We are delighted to invite enrolments for these Microsoft Official Courses at Ibex Education. All delivered on island by Microsoft Certified Trainers with prep for Microsoft exams (optional).

    › read more
  • Ibex Education-Enabling & Managing Office 365 Calling all IT Professionals, We are delighted to invite enrolments for these Microsoft Official Courses at Ibex Education. All delivered on island by Microsoft Certified Trainers with prep for Microsoft exams (optional).

    › read more
  • Ibex Education - Enabling & Managing Office 365 Calling all IT Professionals, We are delighted to invite enrolments for these Microsoft Official Courses at Ibex Education. All delivered on island by Microsoft Certified Trainers with prep for Microsoft exams (optional).

    › read more
  • Ibex Education - Configuring Advanced Windows Server 2012/14 Calling all IT Professionals, We are delighted to invite enrolments for these Microsoft Official Courses at Ibex Education. All delivered on island by Microsoft Certified Trainers with prep for Microsoft exams (optional).

    › read more

Chamber Knowledgebase

Our frequently asked questions

Chamber News 

All the latest news from Chamber in one monthly PDF

Jersey Airport / Harbours

The latest arrivals and departures, select a link above

The Jersey Chamber of Commerce - Annual Charity of Choice

the benefits of membership

Networking opportunities, including our popular luncheons
Topical seminar programme
Support and guidance on doing business in Jersey


And become one of over 500 member businesses supporting Chamber in its aim of ensuring that local business is at the heart of a thriving and diverse local economy.

Call 01534 724536
› About Chamber


Copyright © Jersey Chamber 2012 - The Jersey Chamber of Commerce welcomes your comments and views. However, the posting of comments is subject to our terms which can be read here. Comments posted by users of this site are not the Chamber's comments nor do they represent the views of the Jersey Chamber of Commerce.

↑ Back to top