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Isle of Man: Offshore Investment

Introduction

This page was last updated on 21 February 2020.

In the past, Isle of Man residents have been excluded from participating in the most attractive offshore company forms; they pay tax on their worldwide income. However, the maximum rate of 20% is not penal, and there are no other taxes to speak of, so that they can benefit from offshore investment to a reasonable degree.

Non-residents of the island (which includes the owners of local properties so long as they don't spend more than four months a year there) can make full use of the offshore investment vehicles available. Non-residents pay tax on locally sourced income, though this excludes most types of income and capital gain in the offshore sector.

 

 

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