Budget Communication 2024/2025

Budget Communication 2024/25 (80 pages): general fiscal review, revenue and spending measures (out of scope); immigration measures on PDF pp. 53-55: expedited work-permit fee, visitor-stay and Trusted Traveller fees (out of scope), $500 reinstatement fee for PR applications not finalised after 90 days, economic PR minimum raised from $750,000 (real estate only) to $1.0 million in real estate and/or Central Bank zero coupon bonds held 10 years from 1 Jan 2025, deed of gift excluded, application requirements (tax number, appraisal no more than 12 months old, stamped conveyance), Real Property Tax number on Immigration approvals. PDF p. 24 mentions certificate-of-residency issuances and VAT on realty but gives no programme figure. Reinstatement fee and $750,000 threshold were already recorded; adds the $1.0m routes, holding period, appraisal age and 90-day rule. Rules restated from other sources are now recorded from this document too (decision 8).