Finance and Taxation

The Isle of Man is AAA credit rated by Standard & Poor and AAA rated by Moody. This typifies the sound base and quality business existing on the island and bodes well for the future.

The Isle of Man is a low tax area and is free of capital taxes (i.e. no capital gains tax or inheritance tax is levied). Frequently, careful tax planning is beneficial for Manx residents whether Manx born or otherwise, as there can be tax implications in other jurisdictions.

Personal tax rates are capped at 20% and a tax cap of £115,000 (per person) exists.

Corporate tax (other than for banks and for land and property) is 0% thus creating an extremely attractive low tax area for existing and new business.

For more information on tax rates including trusts and value added tax visit the Isle of Man Government website at: http://www.gov.im/treasury/incometax