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Personal Taxation
The standard rate of personal tax is just 10% and the higher rate is 20%. Personal allowances are very generous and can be transferred between married couples.
| Standard Rate | 10% |
| Higher Rate | 20% |
| Non-Resident Rate | 20% |
Standard rate tax thresholds
| Single Person | £10,500 |
| Married Couple (combined) | £21,000 |
| Balance taxable at | 20% |
The Isle of Man Government does not charge
Capital Gains Tax
Wealth Tax
Capital Transfer Tax
Inheritance Tax
Death or Estate Duties
More information:
http://www.gov.im/treasury/incometax/
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