Jersey is consulting on the introduction of a land development charge, to be called the Jersey Infrastructure Levy.
The proposed Levy will be a low, broad-based charge imposed on an owner or developer when land is given permission for development. The money raised will be used to fund essential community infrastructure.
The proposed levy would be charged at GBP85 (USD108) per square meter on new developments with at least 75 square meters of new floor space (roughly the size of a two-bedroom apartment), and all new residential units with an increased floor area. It is proposed that affordable homes and development undertaken by charitable trusts would be exempt from the charge.
Steve Luce, Minister for the Environment, said: "Land in Jersey is at a premium and permission to develop immediately makes it more valuable. But development brings with it more pressure on the surrounding community. We think it's fair that the land owner or developer who makes a significant profit out of permission should also make a small contribution to improve the quality of life for people in that community by improving or providing new facilities or services."
The consultation will run until September 1, 2017.
Treaty Update: Croatia - United Arab Emirates
Croatia and the United Arab Emirates signed a DTA on July 13, 2017.
Treaty Update: Canada - Grenada
Canada and Grenada signed a TIEA on July 14, 2017.
Treaty Update: United Arab Emirates - Cameroon
The United Arab Emirates and Cameroon signed a DTA on July 16, 2017.
Treaty Update: Grenada - Canada
Grenada announced the signing of a TIEA with Canada on July 17, 2017.
Treaty Update: Zimbabwe - Namibia
Namibia and Zimbabwe have begun negotiations to revise their DTA.
Treaty Update: Cambodia - Hong Kong
According to preliminary media reports, Cambodia and Hong Kong have initiated negotiations towards concluding a DTA.
Treaty Update: Ireland - Uruguay
Ireland has newly disclosed that it has completed DTA negotiations with Uruguay.
Treaty Update: India - Portugal
A DTA Protocol has been signed between India and Portugal, the Indian Government announced on June 23, 2017.
Treaty Update: Russia - Japan
The Russian Government has announced that it intends to soon sign a DTA with Japan.
Treaty Update: Japan - Iceland
Japan announced on May 29, 2017, that it had reached a DTA in principle with Iceland.
Treaty Update: Spain - Cape Verde
Spain and Cape Verde signed a DTA on June 5, 2017.
Treaty Update: Cyprus - San Marino
Cyprus and San Marino signed a DTA Protocol on May 19, 2017.
Treaty Update: Maldives - Malaysia
According to preliminary media reports, Maldives and Malaysia have begun DTA negotiations.
Treaty Update: Japan - Denmark
Japan announced that it had concluded DTA negotiations with Denmark on May 15.
Treaty Update: Barbados - Cyprus
Barbados and Cyprus signed a DTA on May 10, 2017.
Treaty Update: Brazil - Various
Brazil's Committee on Foreign Relations and National Defense on May 4, 2017, approved a DTA between Brazil and Russia, and a DTA Protocol between Brazil and India.
Treaty Update: Luxembourg - Cyprus
Luxembourg and Cyprus signed a DTA on May 8, 2017.
Treaty Update: Jordan - Thailand
Jordan and Thailand agreed the text of a DTA on May 11, 2017.
Treaty Update: Italy - Barbados
Italy's Chamber of Deputies approved a law to ratify the DTA with Barbados on May 2, 2017.
Treaty Update: Bahrain - Thailand
Bahrain and Thailand signed a DTA Protocol on April 25, 2017.
Treaty Update: Mexico - Spain
Mexico's Senate on April 27, 2017, approved a DTA Protocol with Spain.
Treaty Update: Pakistan - Bulgaria
Pakistan and Bulgaria signed a DTA on April 26, 2017.
Treaty Update: Ireland - Kazakhstan
According to preliminary media reports, Ireland and Kazakhstan signed a DTA on April 27, 2017.
Treaty Update: Andorra - Latvia
Andorra and Latvia have begun negotiations on amending their DTA.
Treaty Update: Latvia - Japan
The Latvia-Japan DTA entered into force on March 30, 2017.