Flat rate
1.0%
minimum tax GBP 250,000
Duration
—
Prior non-residency
—
required before applying
Standard top income tax
20.0%
Jersey, without the regime
Overview
- Regime
- High Value Resident (HVR)
- Country
- Jersey
- Type
- Flat rate
- Status
- Active
- Effective from
- Jul 14, 2023
- Expires on
- —
Details
- Summary
- Approved high-net-worth residents pay reduced tax on worldwide income above GBP 1,250,000 and may be subject to a minimum annual tax contribution.
- Eligibility
- Application to the High Value Residency programme; from 14 July 2023 new applicants commit to a minimum annual tax contribution of GBP 250,000 on the applicant's own taxable income.
- Benefits
- Jersey land and property income taxed at 20%; other income at 20% on the first GBP 1,250,000 and 1% on the balance, with minimum tax rules if income is below the threshold.