High Value Residency applications since April 2024 (FOI)

​​​Request

Since the UK announced Tax changes on resident non-domiciled individuals to be implemented in April 2025 and as Jersey advertises itself online as the place to avoid tax​, please provide answers to following questions: 

A

How many applications have been received for re-location to Jersey under the high value residency tax rules since the UK made these announcements in April 2024?

B

How many applications have been approved to date, and how many have been rejected?

C

How many general queries about moving to Jersey in order to avoid Tax have been made since April 2024, if such a record is kept with Locate Jersey?

Response

A

In the time since the UK announced tax changes on resident non-domiciled individuals to be implemented in April 2025, two new applications have been received.

B

Three approvals have been given (including one for an application that was made prior to the UK’s announcement), and none have been rejected.

C

Information is not held on how many general enquiries were made in order to avoid tax as this tends not to be the motivation of arrivals on the High Value Residency Scheme. Individuals on this scheme must pay a minimum income tax of £250,000 per annum and stamp duty on a home over £1.75M (for an apartment) or £3.5M (for a house). Article 3 of the Freedom of Information (Jersey) Law 2011 applies.

Article applied

Article 3 - Meaning of “information held by a public authority”

For the purposes of this Law, information is held by a public authority if –

(a)     it is held by the authority, otherwise than on behalf of another person; or

(b)     it is held by another person on behalf of the authority.​