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Friday December 11, 2020, 5:51 AM
The new tax replaces the current Tax on Real Property (TRP), set by Guernsey, and Occupiers Rates, set by Alderney. Credit: ITV Channel TV
Alderney s new single property tax will see a 3% increase in payments from January, despite a previous promise of no increase.
Currently, islanders pay both Tax on Real Property (TRP), set by Guernsey, and Occupiers Rates, set by Alderney.
Guernsey s system of TRP is based on a building s size to determine its tax rate.
As of January, the Single Property Tax system will allow Alderney s politicians to adjust the rates on businesses and domestic properties themselves. It means Tax on Real Property and Occupiers rates will be combined and billed as a Single Property Tax.