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Correspondence from readers on topical subjects
Jump into trouble?
I read with interest Richard Curtis' article 'Jump into a Jersey' (Taxation, 19 January 2006, page 389). Naturally enough, this focused on the tax implications of operating a bank account in Jersey, but in practice general law considerations can be far more important.
Correspondence from readers on topical subjects
Jump into trouble?
I read with interest Richard Curtis' article 'Jump into a Jersey' (Taxation 19 January 2006 page 389). Naturally enough this focused on the tax implications of operating a bank account in Jersey but in practice general law considerations can be far more important.
An account held in Jersey will be governed by Jersey law which is quite separate and distinct from the familiar law of the United Kingdom. Unfortunately it is difficult to discover exactly what Jersey law is because there are no comprehensive textbooks currently in print (although I understand one is in course of preparation) and because custom and practice are often more important than the written law.
For example under the written law no-one under the age of 18 years may operate a bank account. But in practice ...
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