🇮🇲 Tax Overview — Isle of Man

Private Limited Company (Ltd)

The Isle of Man operates a 0/10/15 corporate tax regime. The standard rate is 0% for most companies. Banking income is taxed at 10%. Income from land and property situated in the Isle of Man is taxed at 10%. Retail businesses with taxable profits exceeding £500,000 from Isle of Man activities pay 15% on the excess. There is no capital gains tax, no inheritance tax, and no stamp duty on share transfers. VAT is charged at 20% (aligned with the UK under a revenue-sharing agreement). The Isle of Man has a beneficial ownership register and economic substance requirements for companies conducting relevant activities. Personal income tax is 10% on the first £6,500 and 20% thereafter (with a tax cap of £200,000 per person for high-net-worth individuals). The Isle of Man has 12 double taxation agreements and over 30 tax information exchange agreements.