Into the IOMosphere

Key points * Top rate of income tax 18%. * Income tax capped at £100 000. * No capital or estate taxes. * Zero rate of corporation tax for many companies. * Ease of access to UK mainland.

THE ISLE OF Man is a well-regulated low tax jurisdiction with a sophisticated professional support and investment services infrastructure. UK resident and ordinarily resident individuals can take advantage of such locations in the following ways:

1. By investing in gross income products such as offshore insurance bonds and roll-up funds.
2. As a tax efficient jurisdiction for locating trusts and other generational estate planning arrangements.
3. For tax mitigation arrangements that may involve investments into the UK planning for UK immigrants and planning for non-domiciliaries.
4. As a location for structured tax planning arrangements that range from bespoke planning for particular transactions to marketed tax avoidance schemes.
5. For residence-based planning...