The Jersey government is consulting tax agents on a number of options for changing the tax rules on distributions from Jersey resident companies, including extending the rules to Jersey trustees. The current rules tax individuals on distributions from companies whose profits have in part been taxed at a rate less than 20%. A distribution could include a dividend paid (income or capital), a repayment of share capital or a loan repayment. The appropriate changes will be contained within the 2016 Budget.
The Jersey government is consulting tax agents on a number of options for changing the tax rules on distributions from Jersey resident companies, including extending the rules to Jersey trustees. The current rules tax individuals on distributions from companies whose profits have in part been taxed at a rate less than 20%. A distribution could include a dividend paid (income or capital), a repayment of share capital or a loan repayment. The appropriate changes will be contained within the 2016 Budget.
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")