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26 November 2018

Gibraltar issues regulations on taxation of non-trading rental income from moveable property

Under Gibraltar's territorial tax system, income of a company is only taxable if it is "accrued in or derived from" Gibraltar.

On 22 November 2018, HM Government of Gibraltar published Regulations that deem non-trading rental income arising from moveable property located outside of Gibraltar to accrue and derive from Gibraltar where the company in receipt of that income is registered in Gibraltar. This would make such income taxable in Gibraltar.

The Regulations take effect as of 22 November 2018.

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CONTACTS

For additional information with respect to this Alert, please contact the following:

EY Limited Gibraltar

  • Neil Rumford
    neil.rumford@gi.ey.com

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ATTACHMENT

PDF version of Tax Alert 2018-2340

Document ID: 2018-2340

 

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