Tag

Tax
Jersey’s government has tabled legislation designed to satisfy the EU Code of Conduct Group (Business Taxation)’s ‘economic substance’ test, a vital part of the European Union’s criteria for placing third countries on its blacklist of jurisdictions that do not practice ‘fair taxation’. The EU list, first published in December 2017, was divided into three sections:...
Read More
Mourants recently issued a nice summary detailing a slight pull back on the proposed changes to Captial Gains Tax on UK commercial properties owned by offshore vehicles, due to come into effect from 6 April 2019.   The changes will have a significant impact on Jersey companies with UK commerical property. https://www.mourant.com/file-library/2018—media/2018—updates/payment-of-uk-cgt-by-nonuk-residents-on-uk-commercial-property-gains-relief-for-tax-exempt-investors-and-overseas-funds.pdf UK residential properties held...
Read More