Guernsey introduces new tax cap


Living in Guernsey brings with it a number of tax benefits, which can make what might initially be a difficult decision, one that becomes a no-brainer financially.

With a flat personal tax rate of 20% and no Inheritance Tax, Capital Gains Tax, Wealth Tax, Gift Tax or Goods and Services Tax/ VAT, relocating to Guernsey is an attractive option. It affords you the potential to distribute pre-arrival income from personally owned overseas companies tax-free. There are also reduced tax rates on the drawdown of UK pensions and the option to transfer UK pension rights to a Guernsey scheme.

Plus, from January this year, Guernsey introduced a tax cap of £50,000 for individuals in their first four years of Guernsey residence.

In order for the tax cap to apply, an individual must meet the following conditions:

  • be principally resident in Guernsey (an individual must spend 182 days on the island each year)
  • pay £50,000 or more in document duty in respect of an open market property purchased after 1 January 2018.
  • making the purchase either six months before or after the date of taking up permanent residence in Guernsey, and
  • be not resident in Guernsey at any time in the previous three years prior to the purchase date.

In addition to the tax benefits, Guernsey has a wealth of attractive assets, including a low crime rate, breathtaking scenery, stunning property and a pace of life that is envied the world over.

In terms of accommodation, the island has a wide range of desirable options, from rural farmhouses to modern apartments in the town centre, with panoramic views.

Depending on the lifestyle you wish to lead, the Swoffers team can help you find your perfect home.

Featured Property

Le Clos Au Comte


  •  Small country estate set in 9.66 acres
  •  Beautifully crafted Guernsey farmhouse
  •  Spacious and flexible accommodation throughout
  •  Potential to have 6 bedroom suites
  •  Many custom fitted rooms
  •  Rural and distant sea views
  •  Beautiful gardens including a private woodland
  •  Triple garage and plenty of parking

Download Property Details

Le Clos au Comte is a small country estate built around a classic Guernsey farmhouse with a history going back to 1591, enjoying the tranquillity and views of the rural West Coast of Guernsey. The property is thoroughly modernised and offers 6,980 ft2(649 m2) of stylish accommodation with 9.66 acres (3.9 ha) of land, including private woodland. Currently featuring three bedrooms, including a master suite with dressing room and two bathrooms, the house would accommodate up to six en-suite bedrooms.

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Document Duty
Monthly Repayments
(Additional Residence Duty* )
You also need to factor in legal fees, court, Greffe, registration and bond fees which are variable depending on the size, nature and complexity of the purchase. *Properties purchased that are not utilised as a primary residence will incur an additional 2% document duty.

To find out more about a Swoffers Mortgage,
please call us today on 01481 711766

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