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Wealthy Residents

 
Wendy Dorman Tax Partner PricewaterhouseCoopers looks at the tax incentives available to wealthy residents moving to Jersey
 
Jersey has for many years now attracted wealthy immigrants principally from the UK. What is the attraction of the Channel Islands? It comes as no surprise that the benign tax regime is a key driver as well as the attractive location good weather and other less tangible factors.
 
The traditional wealthy immigrant was an entrepreneur who had built up a sizeable private business and was at the stage that he was looking to sell his shares and retire. From a tax perspective the principal attraction was that moving to Jersey he could avoid paying any capital gains tax on the disposal of his shares (and on any further capital appreciation on...
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