Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

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4. Results: Answers
Alternative Investment Funds
8.
Tax
8.1
How are alternative investment funds treated for tax purposes in your jurisdiction?
Guernsey

Answer ... Guernsey companies are taxed at 0%. Guernsey limited partnerships and unit trusts are tax transparent.

For more information about this answer please contact: Paul Wilkes from Collas Crill
8.2
How are alternative investment fund managers and advisers treated for tax purposes in your jurisdiction?
Guernsey

Answer ... Guernsey companies are taxed at 0%. Guernsey limited partnerships and unit trusts are tax transparent.

For more information about this answer please contact: Paul Wilkes from Collas Crill
8.3
How are alternative investment fund investors treated for tax purposes in your jurisdiction?
Guernsey

Answer ... Guernsey resident investors have the standard income tax rate of 20% applied to dividends received from Guernsey funds. Investors who are not Guernsey resident fall outside of Guernsey’s tax regime.

For more information about this answer please contact: Paul Wilkes from Collas Crill
8.4
What effect do international laws such as the US Foreign Account Tax Compliance Act and international standards such as the Common Reporting Standard have in your jurisdiction?
Guernsey

Answer ... The US Foreign Account Tax Compliance Act and the Common Reporting Standard are two international standards of reporting which have been adopted by all of the Crown Dependencies, including Guernsey.

For more information about this answer please contact: Paul Wilkes from Collas Crill
8.5
What preferred tax strategies are typically adopted in the alternative investment fund context?
Guernsey

Answer ... Given the simplicity of the Guernsey tax regime (companies taxed at 0% and limited partnerships/unit trusts being tax transparent), there is no need for complex tax strategies to be adopted with regard to Guernsey tax.

For more information about this answer please contact: Paul Wilkes from Collas Crill
Contributors
Topic
Alternative Investment Funds
Article Author(s)
Guernsey