Is Guernsey rich or poor?
Is Guernsey rich or poor? The major finding from this research is that the overwhelming majority of people in Guernsey have a very high standard of living.
Is Guernsey tax free?
Guernsey resident individuals pay income tax at a flat rate of 20%. The personal income tax year is the calendar year and tax returns must generally be filed (either electronically or on paper) by the filing deadline for the relevant tax year. The 2022 Personal Tax Returns must be filed by 29 February 2024.
Is it expensive to live in Guernsey?
The cost of living in Guernsey is considerably higher than in the UK, according to a report for the States. It shows that most residents need a 20-30% higher budget to achieve a minimum standard of living.
Is it easy to live in Guernsey?
Relocating to Guernsey | Swoffers. The idyllic pace of life, stunning scenery, pleasant climate, low unemployment, low crime and low tax rates are just a few of the reasons why approximately 60,000 people are proud to call this beautiful island their home.