Lump sum
GBP 220,000
Duration
10 years
Prior non-residency
—
required before applying
Standard top income tax
21.0%
Isle of Man, without the regime
Overview
- Regime
- Income Tax Cap Election
- Country
- Isle of Man
- Type
- Lump sum
- Status
- Active
- Effective from
- —
- Expires on
- —
Details
- Summary
- Irrevocable election limiting annual Manx income tax for up to ten years (a five-year election remains available).
- Eligibility
- Available to individuals who elect before the deadline for the first year covered; jointly assessed couples elect together.
- Benefits
- Maximum income tax liability capped at GBP 220,000 per year for a single person or GBP 440,000 for a jointly assessed couple (2026/27 amounts).
- Duration details
- Five or ten years, irrevocable once made.