Completing land transaction tax forms

Buying a share transfer property and transfer of ownership

You need to complete the land transaction tax (LTT) transfer of ownership online form.

Submit your LTT form

1. select 'Transfer of Ownership' in step 1
   
2. enter the name, registered office and registration number of the company from which the shares are being transferred or issued
   
3. enter the full name and address of the purchaser of the shares or the person to whom the shares are being transferred
4. enter the full address (including postcode) of the property that the shares are for
5. select the type of transaction
   
6. confirm whether the property will be your main residence
   
7. confirm whether the property is being acquired as stock for a property development business
   
8. if prompted, enter the value of the property
   
9. the amount of LTT due will be calculated automatically
   
10. sign and date, with your contact details in case of a query
11. submit and proceed to payment. The submission will be emailed to you and a copy will be kept by Revenue Jersey.
12. if you are making a bank transfer, this must be completed within 28 days. 
    

Calculating your land transaction tax

Relevant higher rate transactions

The Comptroller has issued additional guidance with regard to relevant higher rate transactions.

Guidance note on the completion of the LTT form for the additional charge

Taking out a loan secured against your share transfer property

You need to complete the LTT creation of security interest online form.

Submit your LTT form

1. select 'Creation of Security Interest' in step 1
   
2. enter the name, registered office and the registration number of the company from which the shares are being transferred or issued
3. enter the full name and address of the lender
4. enter the full name of the purchaser of the shares, or the person to whom the shares are being transferred
5. enter the full address (including postcode) of the property that the loan is for
6. select the type of transaction
7. enter the amount secured by the agreement and the total value of the property
   
8. sign and date, with your contact details in case of a query
9. submit, and proceed to payment if you are paying by card. The submission will be emailed to you and a copy will be kept by Revenue Jersey.
10. if you are making a bank transfer, this must be completed within 28 days.

Re-financing 

If you are re-financing, we only require the difference between the new loan and the old loan if an additional sum has been borrowed (the amount chargeable to LTT).

Foreign currency transactions 

If the transaction has taken place in a foreign currency, you must provide evidence of the rate of exchange on the day of transaction.