DQ Advocates
2 Experts
1 Contributions by DQ Advocates Experts
PRACTICE NOTES
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
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