Since the Labour Government took office in the UK, we’ve seen a noticeable increase in enquiries about relocating, particularly to the Isle of Man for tax reasons.
This includes the Island having:
– A top rate of income tax of 22%
– No capital gains tax
– No inheritance tax.
We can introduce you to experienced Chartered Tax Advisers in the UK or on the Isle of Man, as there is much to consider before you can benefit from this regime. We can also help with estate planning by connecting you with local advocates.
If you have UK pensions and investments and are still determining how moving to the Isle of Man will affect them, we can help.
But be warned! before you relocate, consider more than just taxes.
While the tax benefits of moving to the Isle of Man are attractive, don’t let “the tax tail wag the dog.”
Visiting the island first is essential to see if it fits your lifestyle. Why not book a ferry and bring your car over to explore?
You can find inspiration in our Why we love living on the Isle of Man: Insights from Island Influencers.
In the meantime, we’re happy to arrange a no-obligation Zoom call to discuss your needs, though we’d much prefer to meet you in person.
Our office is in a beautifully restored 200-year-old woollen mill, nestled in the countryside with ample client parking. When you visit, we’ll explain how we can assist you as a hub for investment advice, pensions, and transitioning to Isle of Man residency.
Helpful Links for Your Relocation
For short-term accommodation: Island Escapes – John Keggin and his team are fantastic; I even recorded a podcast with him recently, which you can listen to here.
For ferry services: Isle of Man Steam Packet Company.
For flights from Manchester and Liverpool: Loganair, and check out easyJet.
Feel free to contact us if you have any further questions or want to start planning your move!
