Europe

Gibraltar: tax at a glance

Gibraltar is a territorial British overseas territory. Only income accrued in or derived from Gibraltar is taxed. There is no VAT, capital gains tax, wealth tax or inheritance tax. Category 2 status caps HNW tax at around GBP 37k–42k.

Territorial Last verified July 2026

Ways to relocate to Gibraltar

The residency and citizenship routes that lead here, weighed against the tax picture above.

Category 2

Tax regime

Tax regime, not a visa1–4 mo

HEPSS

Tax regime

Tax regime, not a visa1–4 mo

The taxes

Personal income (top)
28%
Corporate income
15%
Capital gains
None. There is no capital gains tax.
VAT / None. There is no VAT.
None
Dividends (WHT)
0%
Interest (WHT)
0%
Royalties (WHT)
0%
Social security (employee)
10%, with an annual cap of around GBP 2,121
Social security (employer)
18%, capped
Wealth tax
None
Inheritance / estate
None. There is no estate duty.
Property tax
General rates based on occupation. There is no annual value-based land tax.
Other
Utility and fuel companies are taxed at 20% corporate

How the system works

Tax system
Territorial
Foreign income
Largely outside scope (territorial)
Taxes by citizenship
No
Exit tax
No
CFC rules
Yes
CRS
Participating
Special regime
Category 2 Individuals status caps HNW tax at around GBP 37k–42.4k. HEPSS is available for senior executives.

The rates below are indicative headline figures (top marginal, standard, and headline rates), reviewed 2026-07. Brackets, surcharges, and state, provincial or cantonal taxes vary. Treat this as a reference map, not advice.

Sources (1)

Frequently asked

What is the income tax rate in Gibraltar?

The top marginal personal income tax rate in Gibraltar is 28%. There are two systems, and taxpayers use whichever works out lower. The Gross Income Based System peaks at 28% (GBP 40k–105k), then falls to 25% above that. The Allowance Based System has a marginal rate of up to around 39%.

What is the corporate tax rate in Gibraltar?

The headline corporate income tax rate is 15%.

Does Gibraltar tax capital gains?

Capital gains for individuals: None. There is no capital gains tax..