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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Headline figures. Conditions, thresholds and every note are in the full file.
Income tax, top rate
Verified21%
Capital gains
SecondaryNone
Inheritance / estate
SecondaryNone
Wealth tax
SecondaryNone
Corporate tax
Secondary0% (10% banking and large retail, 20% property)
Tax system
VerifiedWorldwide 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.