Guernsey Gazettes Income Tax (Guernsey) (Budget) Ordinance, 2025

The Guernsey Official Gazette Dec. 16, 2025, published the Income Tax (Guernsey) (Budget) Ordinance, 2025. The ordinance includes measures: 1) introducing Section 8A to define the taxation of benefits from share awards and share option regimes, including when benefits arise, how they are valued, and rules regarding vesting after seven years; 2) specifying rules on vesting upon death, retirement, loss of employment, and loss of Guernsey residence, and permitting assessment revisions when shares never vest; 3) allowing post-2025 annual deductions for excess maintenance, repairs, insurance, and management costs for land or buildings, and enabling transitional regulations; 4) revising the definition ...