Under Jersey law, if a person has no Will of Jersey immovable estate (the Will), as soon as they die, their freehold property automatically passes to their heirs at law, being their natural beneficiaries.

The Deceased, a Cypriot domicile, died in April 2019. At the time of his death he held the issued shares in a Jersey company jointly with his spouse and son.

Jersey Finance has welcomed the signing of the Tax Information Exchange Agreement (TIEA) with Hungary which took place in London on Tuesday (January 28, 2014)

Financial services providers must start adapting and expanding compliance procedures to deal with the new UK failure to prevent the facilitation of tax evasion offence...

It has been said that sometimes one spends so much time looking at the door that is closing that one does not see the door that is open. For Jersey the door that is closing is the UK as the benefits of offshore structures have been almost completely stripped away for UK domiciled persons.

Jersey Finance has welcomed the signing of a Tax Information Exchange Agreement (TIEA) between Jersey and Romania this week.

On Tuesday 22 October 2013, Guernsey and Jersey signed inter-governmental agreements (IGAs) with the UK in relation to tax information exchange.

Chief Minister Senator Ian Gorst has indicated, in a letter to the British Prime Minister, David Cameron, Jersey’s intention to sign the Multilateral Convention on Mutual Assistance on Tax Co-operation.

A Double Taxation Agreement (DTA) signed between Jersey and the Republic of Cyprus has been welcomed by Jersey Finance.

Any trust company or corporate service provider offering employee incentive solutions will have spent the last few years heavily involved in dealing with the "Loan Charge"

Election fever shouldn't lead businesses to lose sight of their responsibilities under the new Criminal Finances Act 2017.

Jersey is developing a nascent, dynamic, alternative investment manager community living and working in the island because it is a well regulated, low taxation, flexible jurisdiction.

HMRC have already begun to issue enforcement notices to sponsoring employers for the payment of tax and National Insurance (NIC) liabilities in respect of employee benefit trusts (EBTs) on the basis that the arrangements facilitated forms of disguised remuneration to employees.

The recently submitted Draft Taxation (Partnerships – Economic Substance) (Jersey) Law 202- is expected to be approved on 29 June 2021.

This scheme adds yet another string to Jersey's bow when it comes to attracting business from overseas.

The Government of Jersey's Comptroller of Revenue has confirmed that where companies' operating practices have to be adjusted in response to the COVID-19 pandemic, the Comptroller will not treat the company as having failed the economic substance test.

The Comptroller of Revenue in Jersey issued an important Guidance Note on 11 January 2023 in relation to the payment of Land Transaction Tax (LTT).

Now more than ever, Revenue Jersey are carrying out a variety of compliance based activities in an effort to minimise Jersey's tax gap and raise additional revenue for the island.