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

  • Litigating Trust Disputes in Jersey - Baker & Partners Book Launch Baker & Partners are hosting a breakfast briefing this Thursday at the Royal Yacht Hotel, from 8:00am-9:30am.

    › read more
  • WDF Jersey - International Women's Day - Be Bold for Change Dr Tessa Hartmann CBE Women's Development Forum Channel Islands Tuesday, 7 March 2017 from 12:00 to 14:00 (GMT)

    › read more
  • AJA CPD - IN THE FRAME: PAD STUDIO

    › read more
  • Master’s Open Evening at JIBS University Centre Financial services professionals are invited to attend a Master’s Open Evening at Jersey International Business School on 28 February to find out more about the MSc International Financial Services programme.

    › read more
  • Digital Hub - Setting Up A Business – The Legal Obstacles Advocate Andrew Pinel will be coming to speak to Hub Members about the legal obstacles that are often encountered when setting up a business in Jersey. March 22 @ 12:45 pm - 1:40 pm

    › read more
  • Digital Hub - How to get online payments for your digital business Setting up an online business and need a payment provider? Nowadays it’s essential for any business online looking to sell products and services. But, have you thought about what you need to do to secure one?

    › read more
  • Digital Hub - Data Protection and the GDPR Essentials for technology businesses Feb 28th 8am to 9am

    › read more
  • Coppolo and Coyde - Scaffold Inspection (Basic) Dates: Monday 26th September 2017 Fee: £165.00+ GST per delegate Venue: Ommaroo Hotel, Havre des Pas, Jersey

    › read more
  • Coppolo & Coyde - Scaffold Inspection (Basic) Dates: Monday 25th September 2017 Fee: £165.00+ GST per delegate Venue: Ommaroo Hotel, Havre des Pas, Jersey

    › read more
  • Coppolo and Coyde - Scaffold Inspection (Basic) Dates: Monday 25th April 2017 Fee: £165.00+ GST per delegate Venue: Ommaroo Hotel, Havre des Pas, Jersey

    › 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