Stamp duty collected since 2013 (FOI)

​​​Request

A

Please advise how much stamp duty has been collected each year from 2013 to 2023.

B

Please confirm how much stamp duty taken in 2023 is attributable to the surcharge introduced that year of an extra 3% above the standard rate on those buying an additional home (not their main residence)?

C

For question B, please confirm how much was taken from purchases of property within the Horizon and Merchants Square developments?

Response

​A

The amount of stamp duty collected for each year is publicly available in the Annual Reports for the Court Service which are published on www.gov.je. Please see the following link:

Judicial Greffe reports and documents (gov.je)​

The Court Service Annual Report for 2023 is in preparation for publication, but it can be disclosed that the Stamp Duty Received by the Public Registry in 2023 was £29,095,000.

B

Out of the approximately £26m stamp duty collected in 2023 on the contracts alone by the Public Registry, £2.1m was attributable to duty charged at the higher rate.

C

The purchases referred to were by share transfer and so incurred no stamp duty. They would have been subject to Land Transaction Tax (LTT) which is collected by Revenue Jersey.​