Rate
—
minimum tax GBP 37,000
Duration
—
Prior non-residency
5 years
required before applying
Standard top income tax
39.0%
Gibraltar, without the regime
Overview
- Regime
- Category 2 (Qualifying Individuals)
- Country
- Gibraltar
- Type
- Lump sum
- Status
- Active
- Effective from
- Jan 1, 2004
- Expires on
- —
Details
- Summary
- HNW individuals pay income tax only on the first GBP 118,000 of assessable income under the Allowance Based System, subject to a minimum annual tax of GBP 37,000.
- Eligibility
- Must not have been resident in Gibraltar in the previous five years; minimum net assets GBP 5 million (applications before June 2026 could use GBP 2 million); approved exclusive residential accommodation in Gibraltar.
- Benefits
- Caps taxable income for PIT purposes; foreign income outside the cap generally not taxed if not received in Gibraltar under territorial rules.
- Requirements
- Category 2 certificate from the Income Tax Office; annual IT1C return; ongoing compliance with residence and asset rules.
- Limitations
- Minimum tax GBP 37,000 per year; proposed June 2026 reforms increase application fee and clarify no public healthcare or education entitlement; grandfathering for existing certificate holders.
- Income types covered
- Gibraltar-source and ordinarily-resident foreign income within the capped amount
- Duration details
- Indefinite while certificate conditions are met
Other regimes in Gibraltar
| Name | Type | Rate |
|---|---|---|
| High Executive Possessing Specialist Skills (HEPSS) | Impatriate | — |
View source PwC Gibraltar 2026