Simply by living in Guernsey, it’s said that people generally feel better about life. The island offers that precious balance between a safe environment, which brings the good things in life conveniently to hand and immense corporate capability – so what matters most to you is delivered.
As a British Crown Dependency, Guernsey has been a self-governing jurisdiction for over 800 years. It has its own independent government, parliament and judiciary which allows the island to set its own rates of tax and shape legislation to help businesses to flourish.
Guernsey is unique in that it maintains two property markets: one local market for its local population as well as for those who come because their employer needs their labour and skills; the other is an open market where homes are a little more exclusive and may cost more, but the benefits of moving to the island, both in terms of tax and lifestyle more than make up for it. For example, an “Open Market Part A” property purchased for more than £1.32m within the first 12 months of residence would entitle the buyer to a tax cap of £50,000 per year for up to four years. A family living in an Open Market Part A home, whether they rent or buy, can live and work in Guernsey indefinitely. Plus, there are no hoops to jump through – anyone with the right to live in the UK or an EEA member country can move to immediately occupy an Open Market home in Guernsey.
Taxation in Guernsey is straight-forward. Guernsey imposes no inheritance, capital gains, wealth, gift or estate taxes, and there is no VAT. However, personal income is taxed at a flat rate of just 20% and caps apply.
Warmer temperatures than mainland UK and 29 miles of beautiful and varied coastline await in Guernsey. The island offers many watersports, including kayaking, surfing, diving, jet-skiing, windsurfing, sailing, paddle-boarding and much more. There are plenty of activities on terra firma too, and most cater to all ages, allowing parents a little downtime, or exciting days out together as a family – all happily and safely.
As the uncertainty of Brexit continues just a short distance away, Guernsey is quietly and calmly building on its strong and stable position. This means that this beautiful Channel Island is becoming an increasingly attractive place to live, offering in every respect, a better life for you.