2018 Budget is welcome news for The Open Market


We are delighted to read in today’s budget overview that there is a proposal to stimulate the Open Market by introducing a new lower tax cap for new residents who purchase an Open Market property of at least £1.5 million.

This comes hot on the heels of Jersey’s budget proposal to increase the minimum tax payment for residents who qualify for preferential tax status.

It demonstrates Guernsey’s commitment to the Open Market and all the benefits it brings to the Island.

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Document Duty
Monthly Repayments
(Additional Residence Duty* )
You also need to factor in legal fees, court, Greffe, registration and bond fees which are variable depending on the size, nature and complexity of the purchase. *Properties purchased that are not utilised as a primary residence will incur an additional 2% document duty.

To find out more about a Swoffers Mortgage,
please call us today on 01481 711766

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