Before moving to Jersey careful thought should be given to understand your entitlement to live and work in Jersey, and subject to which to understand your tax position - both in Jersey, and also in the jurisdiction which you are leaving. It is generally particularly important to understand whether and how you can break your tax residency in your jurisdiction of departure, and then to understand any potential ongoing tax obligations there if any once you have broken your tax residency. Then, once you have established tax residency in Jersey, to understand your local tax obligations on Island.

With tailored pre‑arrival and departure tax advice, alongside support on social security or national insurance matters and wider practical issues, you can move with confidence - secure in the knowledge that the key tax considerations of your relocation have been carefully managed.

Our team has extensive experience and in‑depth knowledge of the Jersey tax system and maintains a strong working relationship with the Jersey tax authorities. We specialise in advising on:

• Individuals relocating to or from the Island
• Tax‑efficient restructuring of assets held through trusts and companies
• Incorporation, operation and liquidation of Jersey companies
• Application of Double Tax Agreements and treaty claims
• Jersey company and partnership Economic Substance requirements
• Jersey Goods & Services Tax (“GST”)
• Jersey residential and commercial rental property arrangements

We also assist with Jersey tax return preparation and can assist to submit those returns as tax agent, as well as computing tax liabilities and recommending payments. Our tax return services cover individuals, companies, trusts and partnerships as required.

We advise companies on their corporate residence position, and both companies and partnerships on their Economic Substance requirements. The Economic Substance requirements are applicable to all companies and partnerships regarded as resident in Jersey, and applies to a range of relevant activities as defined in legislation. Failure to meet the Economic Substance requirements is likely to result in financial penalties and ultimately may lead to strike-off. 

We can provide accounting and book-keeping services to companies and businesses owned and operated by Jersey resident clients, ranging anywhere from small locally owned and managed trading companies to large investment portfolio and property holding companies.

We offer a full accounting service depending on the client’s needs, whether it be regular bookkeeping from source records, for example bank statements and investment portfolio statements, or preparing financial statements from software such as QuickBooks, Xero, Sage and other such accounting software packages.

The use of Jersey real estate holding structures for acquiring and holding residential and commercial property in the UK and elsewhere is a practice long established and well understood by global investors. LTS Tax advises on the use of all manner of Jersey property holding vehicles including, inter alia, Companies, Trusts, Unit Trusts and Limited Partnerships, as appropriate.