Amendment to Income Tax Arrangement between Guernsey and the UK has Entered into Force

The amending arrangement to the 1952 tax arrangement between Guernsey and the UK entered into force on 6 December 2016. The tax arrangement is amended to clearly allocate the primary taxing right over profits from immovable property to the territory in which the property is situated. The amending arrangement applies retroactively from 16 March 2016.