Latitax
StrongReviewed 2026-09-29

Isle of Man

The cheapest of the Crown Dependencies to join: no housing controls, no minimum property price, and British citizens can simply move there. Income tax tops out at 21%, total income tax can be capped at £220,000 a year, and there is no capital gains tax or inheritance tax. The catches: VAT at 20% and National Insurance much like the UK's, and the cap only pays off once your income is above roughly £1 million.

Latitax verdict

A tax cap on income, no capital gains or inheritance tax.

Ideal for: Wealthy Britons who want a British Isles base with a cap.

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At a glance

Headline figures. Conditions, thresholds and every note are in the full file.

Income tax, top rate

Verified

21%

Capital gains

Secondary

None

Inheritance / estate

Secondary

None

Wealth tax

Secondary

None

Corporate tax

Secondary

0% (10% banking and large retail, 20% property)

Tax system

Verified

Worldwide at up to 21%, with a £220,000 cap

Research, not advice. Rates change; confirm with a qualified professional before acting. 6 official sources, reviewed 2026-09-29.