Taxation

The Isle of Man has no capital taxes, and its system of taxation of income is attractive to both residents and non-residents alike.

The income of a Trust, established in the Isle of Man, is free of taxation, where the beneficiaries of the Trust are non-residents, and the income is derived from sources outside of the Isle of Man.

In 2006 the Isle of Man introduced the 0/10 Corporate Tax Strategy for companies. This set the standard rate of Corporate tax to 0% for all companies, other than a few excepted businesses whose rate of tax is set at 10%.

You can learn more about the taxation in the Isle of Man by following this link: http://www.gov.im/treasury/

Sterling International Trust and Corporate Services Limited does not operate as a specialist tax consultant, and we recommend that clients take specialist taxation advice before instructing us to act on their behalf.