Tax-free Guernsey Property Savings Account (GPSA), up to £60,000, for first-time buyers.
“Establishing a new tax-free Guernsey Property Savings Account (GPSA) for first-time buyers to save up to £60,000 towards the purchase of their first property or a rental deposit.”
2 recorded votes test this promise
2 Pour05 Nov 2025✓The States of Guernsey Annual Budget for 2026 — Pour, voted to deliver39-0Carried
Motion put to the States: 1a. To direct the Policy & Resources Committee working with the Committee for Housing, as part of the Guernsey Housing Plan, to consider changes or alternatives to Mortgage Interest Relief, including other forms of tax relief, to better assist first time buyers and homeowners in greater need of financial support; and to revert to the States with recommendations no later than the 2027 Budget Report.
Voting Pour delivers this
The motion directs the Policy & Resources Committee to consider tax relief alternatives to assist first-time buyers, bearing on the promise of a tax-free savings account for first-time buyers.
05 Nov 2025✓The States of Guernsey Annual Budget for 2026 — Pour, voted to deliver38-0Carried
Motion put to the States: To insert a new proposition: “1a.To direct the Policy & Resources Committee working with the Committee for Housing, as part of the Guernsey Housing Plan, to consider changes or alternatives to Mortgage Interest Relief, including other forms of tax relief, to better assist first time buyers and homeowners in greater need of financial support; and to revert to the States with recommendations no later than the 2027 Budget Report.”.
Voting Pour delivers this
The motion directs consideration of changes to tax relief to better assist first-time buyers and homeowners, which partially overlaps with the GPSA savings account promise for first-time buyers.
