What are the tax advantages of living in Guernsey?

The true tax benefits of relocating to Guernsey
  • Corporation tax is set at zero*
  • There is no capital gains tax, inheritance tax, VAT or withholding tax.
  • A flat rate of 20% income tax applies.
  • Taxes on local property (akin to rates) are low compared with other jurisdictions.




People Also Ask

The cost of living in Guernsey is considerably higher than in the UK, according to a report for the States. It shows that most residents need a 20-30% higher budget to achieve a minimum standard of living.

MORE DETAILS

Residency and your tax liability
  1. In Guernsey for 182 days or more.
  2. In Guernsey for 91 days or more and have been in the island for 730 days in the previous 4 years.


MORE DETAILS

The Cayman Islands don't have a corporate tax and act as a haven for multinational corporations to shield some or all of their incomes from taxation. The Cayman Islands do not impose taxes on residents and are considered tax neutral.

MORE DETAILS

Several Caribbean countries are known for their reputation as tax havens, including the Cayman Islands, Bahamas, British Virgin Islands, Dominica, Nevis, Anguilla, and Barbados.

MORE DETAILS

Anyone is able to be in Guernsey for up to 90 days within a 12 month period (starting from their first arrival into the island of Guernsey) without needing to hold a Permit or Certificate. This allows you to stay in tourist registered accommodation or stay as a guest in someone's house where they are living.

MORE DETAILS