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The Isle of Man is unique in being able to offer expatriates an exceptional quality of life, coupled with a modern & progressive economy.The Island has a world-leading telecoms & communications infrastructure, is home to a wide range of lawyers, accountants & professional investment advisers, & is conveniently only an hour’s flying time to London. |
The Isle of Man’s national taxation strategy incorporates a number of measures, the most significant being a move to a standard zero rate of corporate tax with effect from 6th April 2006, with the exception of a small number of companies that will be taxed on certain income sources at a rate of 10 per cent, principally those holding a banking licence. This, combined with no capital gains, inheritance or wealth taxes, means the island is the ideal location for your investments.
There are no restrictions on relocation to the island, other than those under the Immigration Act which apply equally in the UK. And there are no restrictions on buying property either.
There is a wide variety of property available on the Isle of Man from flats (apartments) to farms. In the more heavily populated areas of towns and the city of Peel, large Victorian town houses are most prominent. Along the harbours small fishing terraces exist. Moving into the suburbs detached houses and bungalows can be found. The countryside is dotted with small cottages and large farms. The island has many small villages, where a variety of Manx cottages and smaller homes can be found.
Immigration legislation on the Isle of Man is similar to that in the United Kingdom and applies to nearly everyone who is not a British Citizen or who does not have the right of abode in the United Kingdom, although Irish citizens and EEA citizens exercising Treaty rights are exempt from many provisions. The Manx government permits non-residents to purchase and own real estate on the island.
Potential real estate buyers will find a comprehensive range of properties available on the Island ranging from apartments right up to large country and coastal properties.New executive developments on the periphery of Douglas have met much of the increased demand for new property.
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Housing stock exists in many other parts of the Island, where prices can often be lower. Property values have increased in recent years and are comparable with many areas of England and Wales and lower than the south-east of England.
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