Taxation of High Value residents (FOI)

​​​Request

A 

When a wealthy resident is granted consent to purchase or rent property in Jersey and has to commit and pay £170,000+ tax a year, does that person and their family gain their housing qualifications after 10 years' residence?  

B 

If so, as Jersey qualified residents, do they continue or do they cease paying the annual tax payment of £170,000+? 

C 

A person granted high value resident stauts is required to live or spend one night a year to qualify for Jersey's equivalent of non-domiciled status.  Are these "one-night residents" given housing qualifications? 

Response

A

Any person who has been ordinarily resident in Jersey for a continuous period of at least the last 10 years will gain Entitled status.

Where a high value resident under Regulation 2(1) (e) also qualifies for Entitled status having been ordinarily resident in Jersey for a continuous period of at least the last 10 years, that person may, on giving notice in writing to the Minister, elect to have Entitled status through length of ordinary residence in Jersey for the required period. On giving this written notice, the person’s Entitled status under Regulation 2(1) (e) will cease.

B 

As stated in (A) above, where a high value resident under Regulation 2(1) (e) gives written notice to the Minister to elect to have Entitled status through length of ordinary residence in Jersey for the required period; on giving this notice the person’s Entitled status under Regulation 2(1) (e) will cease. Thereafter they will be subject to taxation as a normal taxpayer.

C

A person granted high value resident status undertakes to establish their ordinary residence in Jersey. There is no set day count, rather it is a question of if they have made Jersey their home. 

Revenue Jersey has confirmed that there is not a non-domiciled tax status, or equivalent, in Jersey.  

To gain housing qualifications an individual has to be continuously ordinarily resident in Jersey.​