Bringing you live news and features since 2006 

Ogier welcomes proposed tax break for UHNW relocations in Guernsey


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

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
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..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
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