A guide to buying a share transfer apartment in Jersey
Buying an apartment by ‘share transfer’ is very different to a freehold purchase and involves buying a block of shares in a company that gives rights of occupation to an apartment.
As there is no need to attend the Royal Court, completion can take place on any day.
You can commit yourself either verbally or in writing to purchase share transfer property. Although sellers and agents will usually accept that negotiations are always ‘subject to contract’, you should be careful to ensure that any offer is conditional upon survey, title, finance and, where relevant, the sale of your existing property…
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On 31 July the latest HMRC settlement opportunity came to a close.
As a matter of Jersey law, where a trustee retires or is removed it is entitled to be provided with reasonable security for liabilities before surrendering the trust property.