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

Matteo Greco, Research Analyst at Fineqia International, writes that bitcoin (BTC) ended last week at approximately USD60,800, marking an 8.8..
Amundi reports that in the first six months of the year, European UCITS ETF inflows reached a record high of..
Morningstar has released its European ETF asset flow update for Q2 2024 which shows that the European ETF and ETC..
ETF issuer WisdomTree has announced that it has partnered with commission-free investing app Trading 212 to offer six ETF model..

Related Articles

Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Andrea Busi, Directa SIM
Romain Thomas talks to Andrea Busi (pictured), CEO of Directa SIM, who explains why the online trading platform has just...
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