News & Insights

LTS Tax - Office Information

LTS Tax are delighted to be able to sponsor the Guernsey Scottish Association Burns Supper and are looking forward to a great evening in the company of the Members and guests.

Garth started his tax career in 2010 after completing his BA (Hons) in Business with Finance at Bournemouth University. Garth joined LTS in 2018 and is a qualified Chartered Tax Adviser.

Luke’s tax career started in 2006, and he joined LTS Tax Limited in 2013. He is a qualified Chartered Tax Advisor, and he has a keen focus for tax efficiency & wealth preservation.

Sarah joined LTS in 2018, after having trained and worked within Big 4 locally. Sarah is a Chartered Tax Advisor and has a broad client portfolio of individuals and corporates. She specialises in advising individuals relocating to Guernsey. Sarah is also a member of the Staff Wellbeing committee.

Danielle trained locally at a big 4 accountancy firm and qualified as a chartered accountant in 2011. I joined LTS Tax in August 2018.

Erica joined LTS in 2016 after qualifying as a Chartered Certified accountant. She has since also qualified as a Chartered Tax Adviser.

Mandy is a Chartered Tax Adviser with over 30 years’ experience in tax. She joined LTS in 2015 and heads up the Trust Tax Team, specialising in UK tax matters relating to offshore structures as well as UK resident individuals and pension schemes.

Helen began her tax career in 1995 in the UK and moved to Guernsey in 2008, following 10 years in Grand Cayman. She joined LTS Tax Limited in March 2019 and works in the trust team. Follow the link to discover more about Helen and the team at LTS Tax Limited.

'I have a portfolio of private clients and intermediaries where I deal with both UK and Guernsey tax compliance and advice. I also manage a team of 5 people and I’m on the Operations Committee and the Staff Wellbeing Committee. I have a very varied role split between client work, managing people and assisting the board, including marketing and business development.'

Following some significant legislative changes, all gains realised on UK land and property disposals by nonUK residents are now within the scope of UK tax. This includes gains on residential and commercial property, even if held indirectly. Natalie Chamberlain from LTS Tax Ltd explores the issues.

One of the founders of LTS Tax in 2012, Francis began working in the Finance Industry in 1988, is a qualified Chartered Tax Adviser and is a member of the Guernsey Society of Chartered and Certified Accountants, Tax Sub-Committee.

Julian joined LTS Tax Limited in April 2019. He brings a wealth of experience in advising high net worth individuals and senior executives on Guernsey and UK tax, social security and national insurance matters. He is highly experienced in advising upon the practicalities of immigration to, or emigration from Guernsey, as well as the use of offshore structures, including SPV’s and trusts. As a board member he is actively involved in the company’s business development and marketing.

A huge congratulations to all the runners who took part in the Guernsey Marathon on Sunday. Through the rain and sun it was a fantastic day and we’re especially proud of our relay team.

The Bailiwick of Guernsey has enjoyed the benefits of Protocol Three, allowing us to be treated as part of the EU through our close links with the UK but the decision of the British people to leave the European Union does have some consequences beyond Guernsey’s control which will affect future Open Market residents.

The Guernsey Revenue Service (GRS) has introduced an “Exceptional Days” concession for the first time in response to the restrictions imposed on travel due to Covid-19.

Following some significant legislative changes in recent years, all gains realised on UK land and property disposals by non‑UK residents are now within the scope of UK tax. This includes gains on residential and commercial property, even if held indirectly.

Guernsey provides a high standard of living, with a good education system, stable government, good infrastructure and a convenient location close to the UK and Europe.

The UK Chancellor has, on 13th July, requested that the Office of Tax Simplification (OTS) review UK CGT, including rates, reliefs available and those aspects of corporation tax that relate to chargeable gains.

We are delighted to be the sponsors for the LTS Tax Accountancy Cup for the Mourant Relay Race as part of the Guernsey Marathon, taking place on Sunday 25 October.

Following lengthy consultation the Statutory Residence Test (“SRT”) was introduced with effect from 6 April 2013.

The UK government is supporting businesses during the coronavirus pandemic by deferring VAT and income tax payments.

Today, the new Chancellor, Rishi Sunak, delivered an enthusiastic Budget speech on behalf of “a Government that get things done”. As expected, a key focus of the Budget was addressing the financial burdens imposed on businesses by the Corona virus.

As the largest independent taxation services company in Guernsey, LTS not only provides UK and Guernsey taxation services to companies, individuals and trustees, but also offers tailored accounting services.

With 4 games played so far this season in the U16 South Regional League, the LTS Tax Panthers are sitting at the top of the league with 3 wins and 1 draw!

April 2020 will bring significant changes to offshore corporate landlords as the tax regime switches from income tax to corporation tax.

We are delighted to partner up with Guernsey Netball to sponsor the U16 LTS Tax Panthers netball squad this season.

The UK tax treatment of offshore trust structures has undergone a number of changes over the last few years, resulting in a myriad of complex legislation, combined with a more punitive and extended penalty regime for offshore matters.

The concept of domicile is one of the key factors in determining the extent of an individual’s exposure to UK inheritance tax. It is also key for non UK nationals who become resident in the UK (so-called “non-doms”) in respect of their liability to UK income tax and capital gains tax.

The Guernsey Revenue Service has introduced a number of new income tax measures that will affect companies in Guernsey from the Year of Charge 2019. Amongst other things these measures include widening the definition of corporate residence

Guernsey Revenue Services has introduced a number of new tax measures that will impact companies in Guernsey from 1 January 2019.

LTS hosted a drinks event at The Farmhouse Hotel attended by over 100 clients with special guest Stuart Lancaster giving a motivational speech.