Tax in Gibraltar

As a specialist, finance centre with an offshore capability, Gibraltar offers a favourable tax regime. A member of the OECD’s Inclusive Framework, Gibraltar joined the international consensus committed to ensuring policy objectives are met and safeguarding Gibraltar's tax base.

Gibraltar Tax Advice

Gibraltar’s favourable tax regime sets Gibraltar apart from other jurisdictions. Only income is taxed in Gibraltar and excludes taxation on, but not limited to, capital gains tax, wealth tax, inheritance tax and value added tax. Gibraltar companies also benefit from a low corporate tax rate of 12.5%, attracting many businesses to Gibraltar.

Our expertise is second to none- we have assisted in a wide variety of tax planning and structuring scenarios, involving private individuals, businesses and charitable organisations to achieve maximum efficiency.

Private Client and Family Office

As a trust jurisdiction, Gibraltar offers many of the advantages. Gibraltar is and has been for many years, the ideal location for the structuring of private wealth of relocating or retiring high net worth individuals. Our comprehensive, common-law legal system based on that of England & Wales, provides other tools which are being used by clients in their structuring.

Funds & Protected Cell Companies

The establishment of funds-based, family wealth management and preservation solutions is a strategy that more clients are turning to. Whether it’s in the shape of a protected cell company, which allows, by statute, the effective ring-fencing of assets and investment classes/strategies, or the use of a private fund, families are taking control of their wealth using tax structures which are flexible enough for the increasingly complex modern high net worth family dynamic, yet robust enough to effectively protect the wealth and maximise tax efficiency.

International Tax Planning

Gibraltar’s location and tax opportunity for global business can mean tax-neutral tax planning and therefore important savings. Gibraltar offers some of the best solutions bringing savings not just in tax, but in the cost of setting up and maintaining/administering such tax structures.

Gibraltar Corporate Tax

When considering moving your business, we can offer expert advice to ensure the transition is as seamless as possible.

Gibraltar companies are taxed on a territorial basis on the income accrued in or derived from Gibraltar on the taxable profits. The standard corporate income tax rate is 12.5%.

Therefore, as no capital gains tax nor tax on ‘investment’ income is payable (including the receipt by a Gibraltar company of dividends from any other company, regardless of where it is incorporated), Gibraltar continues to attract investment and businesses alike.

Kindly click for further information regarding corporation tax in Gibraltar.

 

 

Personal Tax in Gibraltar

For private clients, the lack of capital gains, wealth or inheritance taxes as well as the lack of payment of tax on ‘investment’ income (i.e. bank interest, dividends from listed securities, capital gains), allied to specialist tax regimes such as the Category 2 Individual (Cat 2) status and High Executive Possessing Specialist Skills (HEPSS) Status, means that there are many reasons to consider tax planning with Gibraltar in mind – not to mention the 300 days of sunshine a year.

 

 

 

Tax in Gibraltar Contacts

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