Share transfer properties (FOI)

Request

How many share transfer qualified flats have been sold to outside / off island investors in the last five years up to 1 June 2020?

Response

Table: Number of purchase transactions transferring the ownership of shares – in respect of share transfer property - to non-residents.

Notes:

1. The only source of information available to the public authority is the documentation supplied to and recorded by Revenue Jersey when Land Transaction Tax (LTT) is paid on a share transfer transaction.

2. The number recorded in the second column of the table is the combined total number of transactions in respect of individuals, companies, trusts and any other entity identified by virtue of a non-Jersey address of the purchaser being recorded on the LTT statement.

3. It is not possible from the information held to determine the purpose of the acquisition between investment and occupation.

4. A similar Freedom of Information request in relation to share transfer apartments was received in November 2017. This can be viewed at the following link:

Share transfer apartments (FOI)

In answering this request errors have been identified in the data provided for the years 2015 to 2017 in the earlier response and these errors are corrected in the table above.