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Property Calculator

Whenever you buy or mortgage a property, lawyers are obliged to collect tax on behalf of the States of Jersey, known as either “stamp duty” or “land transfer tax (LTT)”.

Stamp duty and LTT has many complex bands and concessions depending on the various circumstances of the buyer and the property.

For example, if you are purchasing:

a commercial unit for sale by share transfer for £1M the tax = £0
a commercial unit by freehold for £1M the tax = £22,100
a home by freehold for £1M the tax = £24,600
There are a number of stamp duty and LTT calculators online, but if you don’t choose the correct calculator relevant to your particular transaction, these may give you the wrong answer.

At Viberts, we have gone one step further. By answering a few straight forward questions, our single calculator has the ability to determine the type of your transaction and calculate all of the potential taxes and concessions you may face when purchasing your future property.

**Please note the indicative rate is to be used as a guide. If you would like further information, please contact our Property team to seek advice and confirmation of the costs associated with your future home.

Property Calculator

The Viberts' property calculator will help you work out the Stamp Duty and Land Transaction Tax payable to the States of Jersey on all Jersey property purchases and mortgages. It has been designed to be as simple as possible for the user while working out the complex calculations based on your selected criteria below. For individuals thinking about leasing a property, please contact our property team for more information.

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Are you a first-time buyer?

A first-time buyer is someone who has never owned property before. If you’re a first-time buyer, you will pay a reduced amount of stamp duty that will help get you on the property ladder if the property you are buying is under £500,000.

You will qualify as a first-time buyer if you:

  • have ’entitled’ residential status
  • have never held any proprietary interest in any dwelling accommodation anywhere in the world (whether on your own or with someone else) by freehold ownership, leasehold, through ownership of shares in a property holding company or through another arrangement or structure such as a trust
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What is your residential status?

There are four categories of status which are explained below, which determine who may occupy property in Jersey.

Entitled

Entitled persons may occupy and buy any property in the island. To fall into this category, you may be either:

  • born in Jersey and have lived on the island for a period or periods amounting to a total of 10 years or more;
  • non-Jersey born but have lived on the island for a continuous period of 10 years or more;
  • non-Jersey born person who arrived in Jersey before the age of 20 whose parents have lived in Jersey for ten years or more and who has lived in Jersey for more than ten years before reaching the age of 40; or
  • a person who has been granted the status of hardship or granted the status on social and economic grounds as in the best interests of the community.

Licensed

People with this status used to be called “J Category” occupiers under Article 1 (1)(J) of the former statute. This special status is granted to “essential employees”. People registered with this status may also buy and sell any property provided it is occupied as their principal place of residence. Often the licence will be time-limited. If the employment linked to the special status is lost, then the property must be sold.

Entitled for work

People with this status will fall into one of the following categories. Someone who:

  • has lived in the island for a continuous period of 5 years or more;
  • is the spouse of a person with entitled, licensed or entitled for work status;
  • was divorced from a person less than five years ago who had the above status; or
  • started working for an undertaking in Jersey before the age of 16 and has been working for the undertaking since that age.
  • They may be engaged to work by a business just as a person who holds Entitled Status. They may not occupy Qualified Property by themselves.

Registered

A person who has been continuously resident in the island for three months or longer and does not fall into any of the above categories. They may occupy property designated as “Registered” rather than “Qualified”. They may not buy property in the island.

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Property ownership/tenure:

There are four different types of property ownership in Jersey called “tenure”. The property you are looking to purchase will have a tenure associated with it which will be one of the following:

  • Share Transfer
  • Flying Freehold
  • Freehold
  • Leasehold (uncommon in Jersey, therefor this calculator does not deal with stamp duty for leasehold)

Property Stamp Duty or LTT can be affected by which tenure is selected and used with other data when entered into the calculator. Choosing the correct tenure will result in an accurate figure based on your circumstances.

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Does the price above reflect the gross value of the property?

If Grandma wants to sell you a house for half of what it's really worth, you will still need to pay the stamp duty based on the full market value of that house.

Please note that property valued up to £700k, lending stamp duty relief does not apply for equity release loans or buy to let mortgages. If this applies please contact a member of our team.

The above information is provided for indicative purposes only and in order to procure a definitive quote you should contact your lawyer setting out the relevant circumstances. This firm accepts no responsibility for the information provided.

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