For those considering moving to Isle of Man
There are often a number of factors to consider when contemplating a new domicile. Taxes may be one of them. We can provide you with an overview of the most basic personal taxation rules on Isle of Man.
21
Marginal tax rate
183
Tax immigration rule
0
Wealth tax
Overview of personal taxation on Isle of Man – updated per 2025
What is required to establish tax residency on Isle of Man?
Individuals who stay on the Isle of Man for 183 days or more during a tax year are considered to have moved there and to be tax residents. The same applies to individuals who stay on the Isle of Man for an average of 91 days or more per year over four consecutive tax years.
Which types of income are taxable on Isle of Man?
Tax residents are taxed on their worldwide income on Isle of Man, while non-resident taxpayers are taxed only on income sourced on Isle of Man.
Isle of Man does not levy tax on capital gains.
What tax rates apply on Isle of Man?
Isle of Man has a progressive tax system, with rates ranging from 10 to 21%.
Does Isle of Man grant tax credit for foreign taxes?
Isle of Man grants tax credit for taxes paid abroad, limited to the amount of tax that would be payable on Isle of Man on the same income.
Is there wealth tax on Isle of Man?
Isle of Man does not levy wealth tax.
What is the tax year on Isle of Man?
Isle of Man has a tax year that differs from the calendar year. The tax year on Isle of Man runs from 6 April to 5 April.
When must the tax return be filed on Isle of Man?
The individual tax return on Isle of Man must be filed by 6 October of the year following the tax year.
What is the name of the tax authority on Isle of Man?
The name of the tax authority on Isle of Man is The Income Tax Division.
Is there property tax on Isle of Man?
Isle of Man has local property tax.
Contact
Atle Melø
Partner
amelo@melo.no
+47 951 80 979