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Guernsey

Crown dependency DTA change ends property developer loophole

Tax & Regulation | 17 Mar 16

Crown dependency DTA change ends property developer loophole

The UK’s double tax agreements (DTA) with Guernsey, Jersey, and the Isle of Man have been amended so that non-UK resident property developers will no longer be able to avoid paying income or corporation tax in the UK.

Guernsey court refuses to reverse man’s £560k tax bill

Tax & Regulation | 17 Mar 16

Guernsey court refuses to reverse man’s £560k tax bill

A Guernsey court has refused to reverse a decision that left a man with over half a million pound tax bill after he was wrongly advised that he could withdraw £1.4m ($2m, €1.8m) from his pension pot.

Caution urged over EEA secondary share sale offer

Companies | 11 Mar 16

Caution urged over EEA secondary share sale offer

Investors in the beleaguered Guernsey-based EEA Life Settlements Fund have been offered the opportunity to register some, or all, of their shares for a proposed secondary share sale in March or April this year. But caution has been urged.

Liechtenstein’s AAA rating affirmed

Europe | 1 Mar 16

Liechtenstein’s AAA rating affirmed

While other offshore financial centers have suffered ratings downgrades of late, Lichtenstein has had its AAA rating affirmed by Standard & Poor’s.

Blame for Jersey and Guernsey downgrades pinned on Brexit

United Kingdom | 17 Feb 16

Blame for Jersey and Guernsey downgrades pinned on Brexit

Jersey and Guernsey have both blamed a possible ‘Brexit’ for Standard & Poor’s recent ratings downgrade despite S&P pointing to the G10’s rising focus on low-tax regimes and the impact that may have on their financial services sectors as the driving force behind its decision.

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.