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Tax Cap Election

For new and existing residents of £200,000/annum

Alongside tax benefits including 0% capital gains, 0% corporate income tax and 0% inheritance / wealth tax, the Isle of Man offers a Tax Cap for new and existing resident individuals of £200,000 per annum, specifically introduced for those who have annual income such that their tax liability would otherwise exceed the Tax Cap.

Individuals who are resident in the Isle of Man for income tax purposes are able to benefit from the Tax Cap, and the maximum liability for a jointly assessed couple is £400,000. A valid Tax Cap will remain in force for five consecutive tax years.

The Tax Cap amount is due and payable on 6 January in each tax year for which an election applies. Alternatively, for those who are looking for flexibility without a 5 year cap election, the standard and higher personal tax rates are some of the lowest in Europe.

The standard rate of tax in the Isle of Man is 10% and higher is 20%, with the first £14,250 per annum completely tax-free.

  • Low personal tax rates for individuals

  • No capital taxes

  • Tax cap of £200,000 per annum

  • Zero rate corporate tax

  • No inheritance / wealth tax

  • Tynwald is the oldest continuous parliament in the world - 979AD

Well Connected

The Isle of Man is centrally located in the Irish Sea and benefits from more than 200 flights per week, providing direct links to the UK and Ireland, and connections to the rest of the world.

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Space to Breathe

In the Isle of Man, we appreciate that life is about more than just boardrooms and meetings. Whether you want to live fast or take it easy, the Island offers an unbeatable quality of life. It also benefits from very low crime rates, making it one of the safest places to live in the British Isles.

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Reside in Tranquility and Privacy

At 33 miles long and 13 miles wide, you are never too far from home in the Isle of Man - in fact, the average commute time is just 20 minutes. There are a number of professional and experienced estate agents working in the local market who are on hand to assist you in your property search, discover more about the properties available in the Isle of Man.

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Thrive in Business

The Island’s mature and globally connected financial sector ensures that there is a comprehensive range of services on offer for those considering relocating their existing business or establishing a new operation in the Isle of Man. Commercial activity within the Island spans a wide range of sectors and a skilled workforce and supportive Government make way for a thriving commercial economy.

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A Place to Belong

Relocating with your family and settling into a new home can be challenging; however, the Isle of Man encourages its people to reach their full potential, at any stage of their life. Those calling the Island ‘home’ engage in a fast paced and vibrant global economy but live in an island that values community spirit.

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Simple, Unrestricted and Welcoming

Our team provide a comprehensive and highly confidential service which supports and guides individuals and businesses through the process of relocating

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Key Employee Incentive

The Special Treatment of Key Employees (Key Employee Incentive) can be extremely beneficial to new arrivals to the Island, if they are an entrepreneur setting up a new business, or a key employee being hired to develop or expand a new or existing company.

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Meet the Team

Andrew Stewart
Head of Locate Isle of Man
Nick Preskey
Senior Manager Locate & Inward Investment
Alison Teare
Marketing Manager
Key Benefits

A unique combination of space to thrive, financial reward, simple taxation and a well-connected, safe community set within a sustainable UNESCO Biosphere.

  • Superb quality of life with space to breathe, space to thrive
  • Financially rewarding, exceptional business environment
  • Well connected to the UK and the rest of the world
  • Crime rates amongst the lowest in Europe
  • Rated best place to live in British Isles in the 2019 HSBC Expat survey
  • Key Employee Concession
  • Low tax rates, 0% capital gains tax & Tax cap of £200,000
  • Financial assistance available for relocation businesses

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