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“Inherited wealth” may become one of the most scrutinised phrases of the next two decades.
Jersey’s housing and population control regime plays a central role in regulating who can live and work in the Island and on what basis.
Earlier today, with a distinctly wintery chill in the air, the UK Chancellor delivered the 2025 Autumn budget to parliament.
The UK’s evolving tax landscape is prompting a growing number of High Net Worth (HNW) and Ultra High Net Worth (UHNW) individuals to relocate from the UK to more tax-favourable jurisdictions.
On Wednesday 26th November, the UK Chancellor will deliver the 2025 Autumn Budget to Parliament.
In the first Budget for the new Assembly it has been noted that “the current fiscal climate is challenging” which is unlikely to come as a surprise to anyone.
Statement response coming soon...
The dust is continuing to settle on what was an all-encompassing first budget delivered by Rachel Reeves, which saw the most widespread changes ever to the UK taxation of UK resident non-doms (still a current term until 5 April 2025!) and the trust structures they are connected to, many of which you administer.
The Government’s economic objective is to build a strong economy and fair society, where there is opportunity and security for all... as long as you are a working person (which seems not to include employers, entrepreneurs, the middle class, the wealthy or foreigners).
It is less than two weeks now until 30 October 2024 when the UK Chancellor, Rachel Reeves, will outline Labour’s economic and fiscal plans in the 2024 Autumn Budget to Parliament.
Guernsey is a self-governing island located in the English Channel offering an excellent standard of living in addition to favourable tax rates. Guernsey does not levy capital gains tax, inheritance or wealth tax.
“We simply don’t take enough in tax to fund the public services our community demands” says Lyndon Trott, president of the policy and resources committee (‘P&R’).
Following their landslide election victory, the new Labour government will be keen to implement the policies which were included in their election manifesto and backed up by various key speeches from senior party members.
Jeremy Hunt stood up and presented his Autumn Statement with high inflation, high interest rates, lower living standards and a very sluggish economy in the forefront of everyone’s mind.
When Rishi Sunak took centre stage today to deliver the UK budget, it was notable for several reasons.