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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Feasibility Study on property registers

Produced by the Office of the Chief Executive
Authored by Tim Baker TCB Consulting Ltd and published on 30 May 2023
Cost: £13,969.25

Summary

This report does not represent the views of the Government of Jersey. Commissioned before the election in 2022, it is a contribution to future policy debate and discussion and will be considered in determining the best approach in delivering on the decisions of the States Assembly.

In particular, it is worth noting that the Jersey Financial Services Commission maintains a full register of the ultimate beneficial ownership and control of Jersey companies, including those that own real property. Legislation would be needed should government wish to access this information for the purposes of a property register, and this would require further detailed consideration of any issues.

Jersey Trusts cannot own property in their own right, but trustees may own companies on behalf of beneficiaries that then own real property. The Jersey Financial Services Commission do not hold a register of non-Jersey companies which own property in Jersey.


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