Standard and higher rate stamp duty application from 2022-2025

​​Request 717894488

1. Please provide the number o​f property transactions that have attracted the higher rate of stamp duty applicable to properties not being used as a main home for each of the years 2022, 2023, 2024, and 2025.

2. Please provide the amount of stamp duty paid for the transactions for each year as detailed in 1 above.

3. Please provide the number of property transactions that have attracted the standard rate of stamp duty tax for each of the years 2022, 2023, 2024, and 2025.

4. Please provide the amount of stamp duty tax paid for the transactions for each year as detailed in 3 above.

Response

Part 5 of the Finance (2023 Budget) (Jersey) Law 2023 as enacted amended the Stamp Duties and Fees (Jersey) Law 1998​ to include the higher rate of stamp duty applicable to properties not being used as a main home. These changes came into force on 1 January 2023, therefore there are no higher rate figures for 2022. 

Question 2

Please note that the records of the Judicial Greffe are not held in such a way that allow ordinary stamp duty to be split into types without checking each transaction individually. This would significantly exceed the cost allowed under the Freedom of Information (Costs) (Jersey) Regulations 2014. Article 16 of the Freedom of Information (Jersey) Law 2011 has therefore been applied.

Article applied

Article 16 - A scheduled public authority may refuse to supply information if cost excessive

(1) A scheduled public authority that has been requested to supply information may refuse to supply the information if it estimates that the cost of doing so would exceed an amount determined in the manner prescribed by Regulations. 

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