Paying Taxes in the Channel Islands

Taxes in the Channel Islands are low and no VAT or capital gain tax is applied. Due to this, expats are attracted to this and move here with it being a tax haven. However, the governing tax law is always changing making it stricter, for this reason, expats moving to the Channel Islands are advised to get advice from a tax expert.

Currently, the personal tax income rate is at 20%, this is also applied to the tax adjusted profits of sole traders.

Exemption thresholds are in place for those on a low income from paying tax and there is no high rate band, inheritance tax or capital gain tax.