By James Campbell
The next phase of the Charities (Jersey) Law 2014 (the “Law”) was enacted on 1 May 2018, allowing entities to finally register as charities under the Law. Whilst registration is voluntary, it is necessary to ensure entitlement to certain Jersey tax reliefs and to the use of the word “charity”.
It is further anticipated that from 1 January 2019 the remaining provisions of the Law will come into force which amends Jersey taxation legislation in relation to charities. This is an exciting opportunity for Jersey to reinforce and develop its status as a centre of excellence for philanthropy both in private wealth management and impact investing.