Tax on Jersey based investments.

Judesman

I am thinking of investing in some shares in a company that is domiciled in Jersey. Obviously I will be liable for the UK dividend tax if I exceed the allowance but will I have to pay any tax levied in Jersey? Any thoughts please?

xylophone

https://www.gov.uk/tax-foreign-income/overview

bowlhead99

No, Jersey only levies dividend tax on local Jersey residents and does not withhold from 'foreign' investors such as yourself.

Also Jersey does not have a capital gains tax regime so if you sell the shares for more than you paid for them, Jersey will not care. If your realised capital gains in any tax year exceed the UK annual exemption (currently £11,300) HMRC will want to take capital gains tax from you, but that is no different from if you had invested instead in a UK company or a US company or a Guernsey company or a BVI company etc

Judesman

Many thanks, that clarifies it.