Tax in Isle of Man
However, we have lots of other guides that you may find useful as a business owner or landlord:
Taxcafe Tax Guides
Tax in the Isle of Man is in most cases much lower than the tax paid by UK residents. For this reason, many shrewd entrepreneurs and investors use the Isle of Man as a base. If you live in the Isle of Man you can escape capital gains tax and inheritance tax, income tax is extremely low and the corporation tax rate is 0%!
It is much easier to move to the Isle of Man than other tax havens such as the Channel Islands and property prices are far more reasonable.
Apart from the low rates of tax in the Isle of Man the Manx Government opens its arms to business owners and many grants are available.
Taxcafe also publishes a guide which is very popular with those thinking of becoming non-resident:
Tax Planning for Non-Residents & Non Doms
It tells you everything you need to know about the Statutory Residence test and the tax implications of being non-resident. There's also information about the tax treatment of non doms.
All Taxcafe tax guides are written in plain English and are packed with tax planning tips and easy to follow examples.
