As if its warm climate and unique Mediterranean lifestyle wasn’t enough to attract expatriates to the Rock, Gibraltar offers a favourable tax system. There is no VAT, no inheritance tax, no withholding tax, no capital gains tax and a corporate tax rate of 10%. The benefits of this system are also extended to high net worth individuals who want to become Gibraltar resident and who qualify under one of the available tax regimes. There are two special tax statuses, the Category 2 (Cat 2) and the High Executive Possessing Specialist Skills (HEPSS) status both designed to mitigate a person’s tax liability for wealthy individuals relocating to Gibraltar.
As a Category 2 Individual, you will have your Gibraltar income tax capped to the maximum, calculated on the first £80,000 of assessable income, irrespective of how much is actually earned throughout the year. The annual tax liability ranges from a minimum of £22,000 to a maximum of £29,800, depending on your individual circumstances. Tax is only paid on income remitted to Gibraltar. As a Category 2 resident in Gibraltar, you can take full advantage of Gibraltar’s status as a reputable offshore finance centre. Children are eligible to attend local school in Gibraltar and benefit from a high-level education that follows the UK National Curriculum. There is no minimum number of days that have to be spent in Gibraltar in any year of assessment. In general terms, as a Category 2 Gibraltar resident, you should not engage in any trade, business or employment in Gibraltar, although there are certain permissible activities.
There are certain requirements that should be met to qualify for Category 2 status:
The main thing you will notice is that we no longer have duplicate properties, thanks to our unique matching system all properties that are listed by multiple agents will only be listed once.
You can now sign up using facebook or your email, save your searches automatically, add favourites and get more accurate property alerts.
We are in the process of moving all the properties over to this new site, so please bear with us.
We hope to complete this in the following few days. In the meantime you can access our old site if you need to here.
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