What are the Tax arrangements in Guernsey ?
Thanks to its jurisdictional independence from the United Kingdom, Guernsey’s own government controls the island’s laws, budget and levels of taxation. Guernsey is NOT a tax haven.
The island was in fact one of the first jurisdictions to be placed on the OECD’s “white list” of jurisdictions complying with global standards for tax co-operation and exchange of information. Guernsey has a formidable reputation for being well regulated and is highly respected across the world.
The tax situation for Guernsey residents is as follows:
- 20% Income Tax (with generous allowances)
- NO Capital Gains Tax
- NO VAT or Goods and Sales Tax
- NO Inheritance Tax
- NO Wealth Tax
Guernsey also offers HNW individuals the opportunity to benefit from a tax cap (currently £110,000 on non-Guernsey source income and £220,000 on worldwide income).
With the assistance of one of the members from our panel of Tax Experts we have produced a selection of videos covering Frequently Asked Questions regarding Tax in Guernsey to provide information on Tax matters regarding to relocation to Guernsey, we hope its a useful starting point.
For further information and bespoke advice about your tax matters, we can refer you to a member of our panel of Tax Advisers for advice in confidence relating to your specific circumstances.
For a confidential discussion and advice please contact
Jo Stoddart on +44 (0) 1481 257200 Email: email@example.com