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15 articles found
Record website statistics since the referendum
08 Aug 16
The vote to leave the European Union has not affected demand for residential property in Gibraltar based on Chestertons’ experience thus far. Indeed, we are currently witnessing client activity at above normal seasonal levels. This statement is not only borne out by the …
Interest rate cut boosts property market
05 Aug 16
On Thursday 4th August, the Bank of England cut interest rates from 0.5% to an all-time low of 0.25%, the first time the rate has changed since 2009.Mark Carney, the Governor of the Bank of England, said lenders “have no excuse” not to pass on the rate cut, having also …
Boris Johnson reaffirms UK’s position on Gibraltar in future Brexit negotiations
01 Aug 16
Boris Johnson, the UK’s Foreign Secretary, has reaffirmed the UK’s commitment to include Gibraltar fully in its negotiations with the EU whilst also reaffirming the sovereignty status of Gibraltar. Mr Johnson was replying to a letter dated 8 July 2016 sent to the …
0% Corporation tax for new companies in Gibraltar
06 Jul 16
A new measure was introduced in the July 2016 Gibraltar budget to provide new companies establishing in Gibraltar an effective corporation tax rate of 0% for three years. 5 jobs must be created and the rate is applicable to the first £500,000 of profits per annum.
We…
Budget summary - 5 July 2016
05 Jul 16
IntroductionAt the Parliamentary session of 5th July 2016 the Chief Minister delivered a cautious and prudent Budget speech. As anticipated, in light of the post Brexit environment, there was a stimulus measure announced designed to encourage business start-ups and…
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