On 18 July 2014, Jersey presented its draft 2015 budget. The main proposals of the draft budget include: Maintaining the Marginal Rate at 26% for 2015 Increasing all tax exemption thresholds by 1.7% Reducing the stamp duty on the cost of borrowing on lower value properties (Nil for the first £300,000 then 0.25% on the balance up to a maximum property cost of £400,000) Increasing the stamp duty payable on purchasing residential property costing £1m or more on a rising scale Capping mortgage interest tax relief at £15,000 In addition to these measures, the Budget report also contains proposals which...