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ARTICLE · 09 FEBRUARY 2012

The International Comparative Legal Guide To: Private Client 2012 - Jersey

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Jersey has its own independent system and law of taxation. The governing laws are the Income Tax (Jersey) Law 1961 and the Goods and Services Tax (Jersey) Law 2007. There are no inheritance taxes, capital gains taxes or wealth taxes under Jersey law.

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1. PRE-ENTRY TAX PLANNING

1.1. In Jersey, what pre-entry estate and gift tax planning can be undertaken?

Jersey has its own independent system and law of taxation. The governing laws are the Income Tax (Jersey) Law 1961 and the Goods and Services Tax (Jersey) Law 2007. There are no inheritance taxes, capital gains taxes or wealth taxes under Jersey law.

1.2. In Jersey, what pre-entry income tax planning can be undertaken?

Tax on income is charged at a flat rate of 20 per cent. It is payable by resident individuals on their worldwide income, including certain benefits in kind. Non-resident individuals are taxed only on income arising in Jersey other than, by concession, interest arising on bank deposits. Jersey's authorities exercise control over the acquisition and occupancy of residential property in Jersey and statutorily-defined housing qualifications are required before consent is given. However for those persons who are perceived to be 'high-value'

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