Tax advantages of owning a Gibraltar property
Qualifying Category 2 Individuals - High Net Worth Individuals (HNWIs)
An individual that has obtained a Category 2 Individual certificate is assessable to income tax on the first £80,000 of income only. Therefore, the maximum tax payable in a full year is approximately £30,000. The minimum tax payable is £22,000, though this will be adjusted pro-rata if the certificate was obtained partway during the tax year. (Source: Gibraltar Government / figures correct as at 19th May 2012)
One of the several conditions of the granting of Category 2 status is that you must have available for your exclusive use approved residential accommodation in Gibraltar.
For more details on obtaining Category 2 status go to www.gibraltar.gov.gi/finance-centre
Qualifying HEPPS Individuals - High Executive Possessing Specialist Skills
An individual that has obtained a HEPSS certificate must be earning more than £100,000 pa but is assessable to income tax on the first £100,000 of income only. Therefore, the maximum tax payable in a full year is approximately £27,500. (Source: Gibraltar Government / figures correct as at 19th May 2010)
One of the several conditions of the granting of HEPSS status is that you must have available for your exclusive use approved residential accommodation in Gibraltar.
For more details on obtaining HEPSS status go to www.gibraltar.gov.gi/finance-centre
