Guernsey, Channel Islands

Employment income

While treated solely or principally as a resident of Guernsey, an individual is assessable on the full amount of the emoluments of employment, no matter where the duties are performed. This will include certain benefits. Where a non-resident carries out any duties in Guernsey, the emoluments attaching to these duties are assessable in Guernsey.

Directors with substantial control of a limited liability company will now be treated as employees, with social security contributions deducted by the employer. Directors can choose to continue to be treated as self-employed for five years if they opt-in before 31 December 2024.

Capital gains

There is no tax on capital gains in Guernsey.