Relocating to Guernsey is less-taxing than you think
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, Guernsey has a tax cap of £60,000 for individuals in their first four years of Guernsey residence, provided certain conditions are met. The tax cap is available to British passport holders who purchase open market properties and pay £50,000 or more in document duty, ie purchase a property worth £1.36m or more at current rates and within the first 12 months of residency. Other tax caps are available.
