Tax Regime and Statistics

The Island has no death duties, inheritance taxes, property taxes or capital gains taxes. In April 2006, the Island introduced a zero tax rate for all corporate sectors except for banking businesses, which has separate taxation arrangements, and certain Isle of Man property transactions.

The Island has no exchange controls.

The Isle of Man has a number of Double Taxation agreements in force - click here for an up to date list.   The Island also has Tax Information Exchange Agreements with a wide number of countries, as listed here.  

As a leader in developing and complying with international tax standards and co-operation, the Isle of Man was a forerunner in implementing an Inter-Governmental Agreement with the USA for the exchange of information under the FATCA regime, and is also an early adopter of the OECD Common Reporting Standard ("CRS").

  • Resident Population: approximately 80,000
  • Land Area: 572 sq. km/ 227 square miles
  • Location: The centre of the Irish Sea - 50 km (31 miles) from Ireland and 50 km (31 miles) from the U.K.
  • Currency: Pound Sterling (the Isle of Man issues its own bank notes)
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