Bringing you live news and features since 2006 

Ogier welcomes proposed tax break for UHNW relocations in Guernsey

RELATED TOPICS​

Proposals for a three-year tax break to attract more HNW relocations have been welcomed by property lawyer, Advocate Martyn Baudains.

Advocate Baudains – who leads Ogier’s Guernsey Property and relocations team – says that the proposals unveiled in Guernsey’s budget make the Island an even more attractive option for people looking to relocate.
 
The proposals, if accepted, would introduce a lower tax cap of GBP50,000 for three years for new residents, if they have paid a minimum of GBP50,000 in document duty – effectively those who have spent a little over GBP1.5 million on an Open Market property.
 
Advocate Baudains says: “This is an interesting proposal that, if approved, would fulfil the dual objectives of adding to Guernsey’s offering for HNW residents and reinvigorating the market for high-end Open Market real estate.
 
“The motivation for moving to Guernsey has been less and less based around tax arguments over the last ten years, and more about the quality of life and availability of high-class property – the approach laid out in the Budget proposals does an effective job of keeping the Island’s sales pitch as widely based as possible.”
 

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by