Greg Jones
Greg is an English barrister and member of the Chartered Institute of Taxation. He was Head of Tax at KPMG on the Isle of Man where he spent 29 years before retiring in October 2019 and works with DQ as a consultant.
Greg has experience in all areas of UK and Isle of Man personal and corporate taxation but specialises in private client matters, especially capital taxation, trusts, residence and domicile, double tax treaties, and liaising/ negotiating with tax authorities on disclosure issues.
His clients include local and international high net worth individuals, companies, trusts and corporate service providers.
Greg has been involved over the years in various tax strategy groups and working parties and is a frequent contributor to the business press and speaker at tax-related events both on and off the Island.
Practice Area
Panel
- Contributing Author
1 Contributions by Greg Jones
PRACTICE NOTES
Isle of Man private client guide: residence-based taxation, trusts and foundations, succession and probate, capacity and powers of attorney, immigration
Taxation regime
What factors determine tax liability in your jurisdiction (eg domicile, residence or citizenship)?
On the Isle of Man, only residence is relevant for tax purposes. In broad terms, a person is considered resident for Island tax if they:
are present for more than six months in any tax year (which ends on 5 April)
spend over 90 days per tax year on average across four or more years, with residence then applying from the fifth year
arrive on the Island intending to become resident
What taxes apply to an individual’s income?
For 2025–26, the personal allowance is £14,750. Income above this is taxed at 10% on the first £6,500 of excess and 21% on anything further. Married couples and civil partners can choose joint assessment, which doubles the allowances to £29,500 and defers the higher rate until after £13,000. Personal allowances are reduced by £1...
Private Client
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