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Ownership 

Waves Guest Suites offers you an extremely rare opportunity to own a waterfront home on Guernsey, Channel Islands.  Owners can purchase (in perpetuity) a full interest (transferrable) via share transfer in one of our Open Market suites.

The Suites are fully managed and would suit Perpetual Travellers/Permanent Tourists (for tax purposes), Investors, Companies frequently requiring visitor/short term accommodation in Guernsey or Qualified Guernsey Residents who live in Guernsey between September-May and can allocate the property for holiday letting from May-September.

As an owner, you'll also be favoured with our most attentive service, including:

  • Your preferred grocery items will be in your refrigerator when you arrive
  • Your personal items will be retrieved from storage and placed in your rooms just as you like them

Perpetual Travellers/Permanent Tourists

Are people who live in such a way that they are not considered a legal resident of any of the countries in which they spend time.  Usually for tax reasons.

It is our understanding that if you were to spend 90 days or less in Guernsey your tax residence would come under the category of “non-resident” (if you are not already deemed resident-only status in Guernsey i.e having lived in Guernsey in the previous full year and for the preceeding 3 full years)

An individual who is “non-resident” is generally only liable to Guernsey income tax on Guernsey profits arising from unincorporated businesses carried on in Guernsey, income from employment in Guernsey and on Guernsey property development and rental income. Passive investment income is generally not taxable.

 For Guernsey tax purposes, a “day” is treated as being spent in Guernsey if an individual is in the Island at midnight. As such, days of arrival are counted but days of departure are ignored.

 This information is a general guide. It is not a substitute for professional advice.

 

what is the vision for waves?

Waves Guest Suites are a combination of an Hotel and Self Catering accommodation (serviced apartments or guest suites) that offers concierge service and housekeeping service. This Apart-Hotel is located on Vazon Bay with spectacular views of Guernsey's West Coast and the surrounding area. The property combines traditional architecture with new design, keeping the old world charm of a small boutique hotel and apartment community.

What opportunities for ownership are being offered?

A limited number of luxuriously appointed one-, two- , three- and four bedroom suites are available. Each residence features a well appointed kitchen, mostly en-suite shower/bathrooms and a comfortable living/dining area in each configuration. A majority of suites have a commanding sea and country views.

Do owners pay annual maintenance fees?

Yes. The annual fees pay for the following: common area maintenance, building maintenance, utilities, water, satellite T.V., internet access, waste removal, window cleaning, landscaping, housekeeping fees, accounting and management fees, furniture, fixture and equipment replacement reserve, tax on rateable value and parochial rates, buildings and contents insurance. 

Do owners pay lodging fees when in residence?

No.  While in residence, you will receive daily housekeeping service and a full service check-out cleaning after you have departed. 

I'M INTERESTED, BUT, ARE THERE STRICT CONTROLS ON WHO MAY OCCUPY DWELLINGS ON GUERNSEY?

Yes, there are strict controls enforced by the Housing Department under the Housing Control Law.  There is NO control over the ownership of property.  The following has been extracted from the Housing Department section of the States of Guernsey website:

There are two sectors of housing in Guernsey which are known as the "Local Market" Controlled dwellings and "Open Market" dwellings inscribed in the Housing Register.

An open market dwelling that is used as a hotel (see definition below) under a valid Boarding Permit issued by the States of Guernsey Tourist Board is inscribed in Part B of the Register.

Occupants 
The following are able to occupy a hotel inscribed in Part B without the need of a licence: 

  • qualified residents; 
  • the owner and his immediate family; 
  • the principal tenant and his immediate family; 
  • the manager and his immediate family; 
  • full time staff of the hotel [provided they are not employed elsewhere]; 
  • bona fide tourists (for up to 90 days in any period of 12 consecutive months).

ALL OTHER OCCUPANTS WILL REQUIRE A HOUSING LICENCE.

The terms "hotel" and "tourist" are defined in the Law as follows:-

"hotel" means a dwelling, other than a self catering unit, in respect of which there is in force a boarding permit and which, in the opinion of the Authority, is being used for the business of providing sleeping accommodation for reward to tourists in accordance with the provisions of that permit.

"tourist" means a person who is present in Guernsey -
(a) for the purposes of a holiday; or
(b) for an aggregate of not more than 10 days in any 30 day period for the purposes of his employment;
but does not include a person who has been physically present in Guernsey for an aggregate of more than 90 days in any twelve month period.

CAN MY COMPANY PURCHASE AN INTEREST?

Absolutely, ownership may suit companies that bring/send consultants to Guernsey on a regular basis saving on hotel expenses.

CAN I PURCHASE AN INTEREST WITH BANK BORROWING?

Yes, shares can be used as security for borrowing.

CAN I PURCHASE AN INTEREST THROUGH A SELF INVESTED PENSION PLAN (SIPP) OR QUALIFYING RECOGNISED OVERSEAS PENSION SCHEME (QROPS)?

Yes, to our knowledge, this is possible.

DO I HAVE TO PAY ANY TAXES ON THE PURCHASE OF AN INTEREST?

No, document duty in Guernsey (similar to stamp duty in the UK) is NOT payable on purchase by share transfer.

WHAT ARE THE PURCHASE VALUES OF THE SUITES?

                                WHOLE    GBP                      

Sark Suite                TBC                       3 bedroom Sea Views           

Herm Suite              TBC                       3 bedroom Sea Views

Jethou Suite             TBC                       4 bedroom Sea Views

Brecqhou Suite       TBC                       1 bedroom Sea Views

Burhou Suite           TBC                       2 bedroom Sea Views

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vazon Coast Road, Castel, Guernsey, Channel Island, GY5 7LJ Email: stay@wavesguernsey.com Tel: +44(0)1481 256 246 Fax: +44(0)845 280 2618