Jersey: Personal Taxation
In Jersey there is no capital gains tax, inheritance tax or estate duty, or capital transfer tax. The States agreed to introduce a broad based 3% Goods and Services Tax (GST) as from 2008 and increased to 5% from June, 2011. This is a major reform of Jersey's tax structure as the Island becomes less dependent on direct taxation as its main source of funding for public services. The main tax is income tax at one rate of 20%, and social security contributions are payable. Property owners and occupiers may be liable for small parish taxes.