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Amendments to UK Tax Arrangements with the Isle of Man and Jersey have Entered into Force

10 January 2017

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Treaty Development

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United Kingdom-Isle Of Man-Jersey

The amending arrangements to the UK's 1955 income tax arrangement with the Isle of Man and the 1952 income tax arrangement with Jersey entered into force on 29 November and 2 December 2016 respectively. The tax arrangements are amended to clearly allocate the primary taxing right over profits from immovable property to the territory in which the property is situated. The amending arrangements apply retroactively from 16 March 2016.