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August 13, 2018

Since the launch of our dedicated Gibraltar Residency website www.gibraltarresidency.co.uk we have seen an increasing demand both from current UK residents and also residents of more expensive jurisdictions such as Switzerland and Monaco looking to establish residency in a more favourable, cost effective and tax friendly environment.

Just to summarize the benefits,  Gibraltar  offers  high net worth individuals a ceiling on maximum tax payable on worldwide income at under £30,000 per annum, no savings tax and potentially no tax on income drawn from an occupational pension scheme subject to meeting certain conditions, no VAT, no wealth tax and no capital gains tax. Businesses relocating to Gibraltar can benefit from a low rate of corporate tax set currently at 10% and executives and highly skilled employees benefit from special tax incentives.

As the end of the UK tax year is now looming anyone wishing to explore an alternative to a regime where earned income and savings income over £37,400 currently attract a 40% rate of tax and earnings in excess of £150,000 are taxed at 50% needs to take action sooner rather than later. Fortunately we are able to handle all aspects of your change of residency under one roof, everything from the formal paperwork to finding you the right home to buy or rent.

If you or any of your clients want to change residency to Gibraltar then please contact us urgently  either by emailing wealth@fiduciarywealth.gi or by telephone on +350 200 50982.

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