Tax Advantages
There is so much more to Jersey than the tax advantages of living here, with lifestyle and domestic security positioning the island as a highly desirable place to live.
That being said, the tax advantages of residency in Jersey can’t be ignored when compared to equivalent jurisdictions, as demonstrated below:
Jersey
Income Tax
20% (opportunity of a 1% tax rate for high earners)
Corporation Tax
0% (with certain exceptions)
Capital Gains Tax
N/A- there is no CGT in Jersey.
Inheritance Tax
N/A- there is no IHT in Jersey.
Goods and Services Tax
5%
United Kingdom
Income Tax
20-45% xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Corporation Tax
19-25% xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Capital Gains Tax
18-24%
Inheritance Tax
40%
Goods and Services Tax (ie. VAT)
20%
United States
Income Tax
10-37% xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Corporation Tax
21% xxxxx
Capital Gains Tax
15-20%
Inheritance Tax
N/A- with the exception of 5 states.
Goods and Services Tax (ie. VAT)
0 - 7.25% depending on the state.
Please note that the above should not be relied upon as formal tax advice.
As part of our service, The Relocation Agent will connect you with tax professionals who can assist you with the formal tax planning required to support your relocation to Jersey.