Expert guidance for Jersey and Guernsey partnerships

Partnerships are a flexible and widely used structure in Jersey and Guernsey, particularly for professional firms, investment vehicles, and family-owned businesses. However, their tax treatment can be complex and requires careful consideration of both local and international rules.

Our Expertise

At BCR, our team of experts provides clear, practical advice on the tax implications of forming and operating partnerships across the Channel Islands.

Partnerships in both Jersey and Guernsey are generally treated as transparent for tax purposes. This means tax is assessed at the level of each partner rather than the partnership itself. However, the implications vary significantly depending on the nature of the partnership, the residence of its partners, and whether it is a general, limited, or limited liability partnership.

Our Approach

Our team advises on how to navigate these differences and meet all local reporting obligations, while ensuring compliance with substance requirements and avoiding adverse cross-border tax consequences.

When to seek advice:

• Forming or restructuring a partnership.
• Adding or retiring partners.
• Investing or operating through Channel Islands structures.
• Filing partner-level returns in Jersey, Guernsey, or the UK.
• Navigating interaction with trusts, foundations, or corporate entities.

Our Services

We provide support with the following:

• Registration and formation support for Jersey and Guernsey partnerships.
• Advice on tax transparency, residence, and reporting rules.
• Partner-level tax return preparation and planning.
• Cross-border analysis for partnerships with UK or international partners.
• Assistance with economic substance filings and compliance.
• Partnership structuring to support succession, control, or investment objectives.
• Preparation of tax packs, reconciliations, and filings with the tax office.

Our values in action

Excellence: Technically sound advice that is tailored and practical.
Delivery: Reports, returns, and structuring advice that are accurate and on time.
Respect: A clear understanding of commercial sensitivities and client dynamics.
Elegance: Clarity in complex matters, communicated simply and effectively.

Why BCR Pro

• Deep experience with Jersey and Guernsey tax rules.
• Dual-qualified accountants with international reach.
• Seamless integration with legal, trust, and private client advisers.
• Practical solutions that protect compliance and support commercial outcomes.