P.2023/114 Amendment 2 - Le Tissier/de Lisle - Option 2
1
XVIII
Committee
Policy & Resources Committee
Proposition
OR if that is not approved
To delete Proposition 6 and substitute:
“6. To phase out the limit set out in paragraph 1 of the Sixth Schedule to the Income Tax (Guernsey) Law, 1975 on the amount of income tax payable by an individual resident in Guernsey in respect of qualifying and non-qualifying income over a 5-year period commencing 1st January 2025 by reducing the proportion of the limit that may be claimed to 80% (in the year of charge 2025), 60% (2026), 40% (2027), 20% (2028) and 0% (2029 and thereafter), and to agree that no new such limit may be claimed or applied with effect from 1st January 2024."