The details include a bombshell proposal to increase the 20% headline rate of personal income tax to 22% for a temporary period of two years (calendar years 2025 and 2026).

The proposals also include a new 'rent a room' allowance, the introduction of an Alderney Property Tax Cap, increases to the Document Duty thresholds and a halt of the withdrawal of mortgage interest relief on buy to let residential properties.

Download the factsheet HERE.

If you would like to discuss the proposed changes, or any other Guernsey tax matters, please contact us on 01481 755868.