Tax benefits and stunning scenery make the Channel Islands idyllic for setting up home. Therefore, when it comes to high-net-worth investment, it comes as no surprise that Jersey is a hotspot, as Aimee-Sinclair-Horgan from Wilsons explains
The island of Jersey has long been an appealing relocation destination for those seeking a more relaxed lifestyle and way of life, than is now generally available in many parts of mainland Britain today.
In addition to this, the far more kindly taxation structure of Jersey makes it an irresistible base for residency approved HNW individuals, who wish to take advantage of some of the lowest direct taxes applicable in Europe. With a basic income tax rate of just 20% on the first £725,000 of annual income and thereafter a 1% rate on the balance of world income, along with no inheritance tax or capital gains tax, there is no surprise it is at the top of the list for homeowners, investors and businesses alike.
Jersey’s unchallenged ability to conduct its own independent tax structure, has been made possible by a Royal Charter that was granted to the island by Charles II in 1787.
Jersey residency appeals to high net worth individuals, both as a relaxing retirement base, as well as for those in mid-career who can take benefit of the islands advantageous business and tax structures, as well as the wide range of professional backup services available in the form of internationally respected professional accountants, bankers and lawyers
The island of Jersey offers those settling on its shores, an enviable quality of life with its splendid beaches, dramatic coastal scenery, golf courses, excellent yachting facilities, and a near inexhaustible range of good quality eating places, high calibre business services and excellent childrens’ educational facilities.
An integral part of Great Britain as a Crown Dependency, the Island offers economic stability which is reflected in the day to day lifestyle of the Island and those living in Jersey benefit from a very safe and secure environment in which to bring up a family.
Communications from and to Jersey are well provided for, with direct flights available to London City, Gatwick, Birmingham, Bristol, Exeter, East Midlands, Glasgow, Liverpool, Luton, Manchester and Southampton. There are also excellent charter jet facilities available. Sea ferry links also connect to France and the English mainland.
Jersey based residents enjoy the benefit of a privileged way of life and low taxes, coupled with the benefits provided of an internationally respected and scrupulously regulated and highly respected finance centre.
To find out what kind of home Wilsons Knight Frank can get you on the island, visit www.wilsons.je.
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