High Value Residents Long Term Care contributions (FOI)High Value Residents Long Term Care contributions (FOI)
Produced by the Freedom of Information officeAuthored by States of Jersey and published on
16 December 2016.Request
Please advise what, if any, contribution is made by HNWI / 11(k) residents to the Long Term Care Contribution under Income Tax Law, as this is a 'tax' charged on the annual Tax Demand.
Please advise on what and how it is calculated?
Response
It is assumed the question refers to individuals that come to Jersey via obtaining entitled status under Regulation 2(1) (e) of the Control of Housing and Work (Residential and Employment Status) (Jersey) Regulations 2013. These are known as High Value Residents (“HVRs”).
HVRs are liable to pay Long Term Care contributions in the same way as any other taxpayer.
Please see previous Freedom of Information response dated 12 May 2016
High Value Residents (FOI)
With regard to the Long Term Care contribution rules, see the following link:
Long-term care scheme: contributions