The Taxation (Land Transactions) (Jersey) Law 2009 (the "Law") came into force on 1 January 2010, establishing a Land Transaction Tax ("LTT") on dealings in shares giving the right of occupation to share transfer flats (including dealings relating to beneficial interests only) and the creation of security interests in such shares. Previously, such flats were exempt from any tax equivalent to stamp duty on immovable property transactions. The Law applies only to shares which, "by virtue of the articles of association of the company", confer a right of occupation of 'land' in Jersey. 'Land' is defined as "a unit of dwelling accommodation". An amendment to the Companies (Jersey) Law 1991 makes it an offence for a company to register a transfer to which the Law applies without an LTT receipt being produced to the company. The amount of LTT is designed to mirror stamp duty on immovable property transactions.

The Taxation (Land Transactions) (LTT Statements and Receipts) (Jersey) Order 2009 also came into force on 1 January 2010, prescribing matters concerning LTT statements with regard to the information required, fees and receipts.