If a person dies domiciled in a jurisdiction outside Jersey, with movable estate situated in Jersey with a date of death value exceeding £10,001 (‘the Jersey estate’), a Jersey grant will be required.
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Banking and Finance
Jersey has introduced a new law to address the concerns of the EU Code of Conduct Group (Business Taxation) regarding economic substance. How big an impact will the new law have on Jersey business?
The Royal Court recently found a bank guilty of committing a criminal offence for not obtaining the necessary authorisations before transferring the assets of a deceased client out of the jurisdiction.