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Draft Budget 2009 (P.158/2008) Amendment.

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A decision made (13/11/2008) regarding: Draft Budget 2009 (P.158/2008) Amendment.

Decision Reference: MD-TR-2008-0124

Decision Summary Title:

Draft Budget 2009 (P158/2008) Amendment

Date of Decision Summary:

11th November 2008

Decision Summary Author:

Chris Haws

Head of Financial Planning

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Draft Budget 2009 (P158/2008) Amendment

Date of Written Report:

11th November 2008

Written Report Author:

Chris Haws

Head of Financial Planning

Written Report :

Public or Exempt?

Public

Subject: 

Draft Budget 2009 (P158/2008) Amendment to allow transactions under the ‘Jersey Homebuy’ scheme to be exempt from Stamp Duty

Decision(s):

The Minister approved the Draft Budget 2009 (P158/2008) Amendment and associated amendment to the Draft Finance (Budget 2009) (Jersey) Law 200-to be lodged “au Greffe” on Tuesday 18 November 2008.

Reason(s) for Decision:

For the Minister of Treasury and Resources to lodge an amendment to the Draft Budget 2009 (P158/2008) 2 weeks prior to debate on 2nd December to allow the States to debate the amendment to the draft proposals that would allow transactions under the ‘Jersey Homebuy’ scheme to be exempt from Stamp Duty.

Resource Implications:

The financial implications are identified in the report to the proposition. The proposal would result in the States foregoing an estimated £500,000 of stamp duty revenue in 2009.

Action required:

Head of Financial Planning to forward the Draft Budget 2009 (P158/2008) Amendment and associated amendment to the Draft Finance (Budget 2009) (Jersey) Law 200-to be lodged “au Greffe” on Tuesday 18 November 2008.

Signature: 

Position: Senator T A Le Sueur, Minister for Treasury and Resources

Date Signed:

13th November 2008

Date of Decision:

13th November 2008

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