People Urged To 'Take Advantage' Of Alderney Partnership Laws

Monday, 22 November 2021 12:33

Alderney will be the first island in the Bailiwick to introduce administrative powers to partnership laws, once approved.

The changes will mean that people in relationships can file taxes for their partner who does not live in Alderney.

It only applies to islanders who are registered and resident in the island.

The 'administrative partner' provisions allow one person to be responsible for compliance and filing all data including taxation liabilities.

States of Alderney officials say they hope the law 'will appeal to large private partnerships around the world which now have the opportunity to make the island their spiritual and administrative home'.

Chair of the Economic Development Committee Annie Burgess said:

"We welcome those who might consider taking advantage of the new law to settle in our beautiful island.”

Policy and Finance Committee chair Bill Abel said the proposed laws give Alderney a unique selling point.

“This legislation brings us up to speed with similar jurisdictions around the world but it also gives us a unique advantage with our provision for administrative partners.

There are partnerships that would benefit from the administrative partner concept, especially those with cross-national operations or who see a future in such operations.”