Indirect Tax considerations
Jersey introduced Goods and Services Tax (GST) on 6 May 2008 in Jersey (there is no GST in Guernsey). The initial rate was 3% which was subsequently increased to 5% with effect from 1 June 2011.
Stamp duty is payable in Jersey on all sales and transfers of freehold property and on the grant, assignment and extension of leases for terms exceeding nine years. Document duty is the Guernsey equivalent and is applied on the conveyance of Guernsey property.
We understand that your business may deal with various indirect tax matters. You want to comply and ensure that you mitigate any penalties arising but you want to devote more time to focusing on your core business.
For more information about our tax services please click here to contact David.
"I have been very impressed with the level of service and expertise that Baker Tilly Channel Islands have given us over the course of our relationship to date. They have provided us with invaluable advice and guidance to ensure compliance with our regulatory and legal responsibilities."
Head of essential HR projects - Top 5 Global Banking Group
- Maximise input GST recovery
- Attain maximum overall GST efficiencies
- Understand any potential pitfalls when selling and transferring a Jersey or Guernsey property
- Obtain the best possible cash flow position.
- We can review your business to ensure it is as efficient for GST purposes as possible
- Implement GST planning to minimise irrecoverable GST and maximise cash flow
- Discuss the stamp duty/document duty implications ahead of any transfer of Jersey or Guernsey property.