Property & Tax in Guernsey

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The Local Market

The majority of homes in Guernsey are listed as Local Market and amount to approximately 90% of the overall property stock.

Local Market properties can be occupied by residentially qualified persons or by non-locals who have been brought into the island on an essential housing licence granted by the States of Guernsey. If you are looking at seeking a job in Guernsey ask your future employer for details.

The Open Market

There are often many false preconceptions about what is involved in moving to Guernsey. Unlike Jersey the process does not depend on your financial status and can be far simpler than thought.

The Open Market was established and amended between the years of 1957 and 1969 by the States of Guernsey to create a register of approximately 1,600 homes where any EU National or British resident can live and work on the island without the need of a local licence.

The Housing (Control of Occupation) (Guernsey) Law, 1994 contains, among other things, provisions concerning those dwellings which are eligible to remain inscribed in the "Open Market" Housing Register.

See gov.gg for complete States of Guernsey information on housing in the island.

Tax and Residency Regulations

Guernsey has its own system of taxation. The island's rate of income tax has remained at 20% (on individuals' non-business income) for circa 40 years and is evident of a stable and transparent approach from the local government. In July, 2006, The States of Guernsey passed a set of economic and taxation changes that includes the zero rate of corporate tax and the capping of personal tax at GBP£250,000. 

Guernsey residents can enjoy: 

  • No capital gains tax
  • No capital transfer tax
  • No inheritance tax
  • No wealth tax
  • No estate or death duty
  • No turnover tax
  • No purchase or sales tax
  • No vat

Residency in Guernsey is controlled at how many days you are resident on the island as listed below:

Days spent in Guernsey

Days spent in a differing Jurisdiction

Residential Status

Taxable on

From 91 to 181

In excess of 91

Resident only

Guernsey Source Income

From 91 to 181

Less than 91

Solely Resident

Worldwide Income

In excess of 182

N/A

Principal Resident

Worldwide Income


Please note, for the purposes of statutory Guernsey residency, a day is counted as being spent on the island if you are present at midnight.  The Guernsey tax year runs from the 1st January to 31st December and days are counted on a calendar year basis.

Livingroom cannot claim to offer tax advice and strongly suggests you contact the following experts listed below:

INTERTRUST
Intertrust Guernsey provides a wide range of services for private clients and corporate clients alike, with an emphasis on personal trust and stable, long-term business relationships. Our skilled staff are enthusiastic and highly qualified and pride themselves on providing the service our clients require.
Martello Court, Admiral Park, St. Peter Port, Guernsey
Contact: +44 1481 211000
www.intertrustgroup.com/en/locations/guernsey

BREHON CHARTERED ACCOUNTANTS
Brehon Chartered Accountants Guernsey are specialists in accounting, tax and business advisory services to entrepreneurs, owner-managed businesses, small and medium-sized enterprises (SME's).
Mayfield House, La Grande Rue, St. Martin, Guernsey
Contact: +44 1481 233009
www.brehon.co.uk

Useful Income Tax Numbers in Guernsey

Income Tax Office

Tel : +44 1481 724711
Fax : +44 1481 713911
Email : [email protected]

Individuals in employment - assessment queries

Direct tel : +44 1481 740123

Payment enquiries

Direct tel : +44 1481 740202

Employer's ETI enquiries

Direct tel : +44 1481 740440

EU Savings Directive issues

Direct tel : +44 1481 705745
Email : [email protected]

Online services enquiries

Email : [email protected]

Guernsey tax evasion hotline

Direct tel : +44 1481 747900
Email : [email protected]

Penalty enquiries

Email : [email protected]

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