Property Funds

Offshore jurisdictions have become increasingly popular for property funds. There are a number of factors which has resulted in this increased popularity, specifically in the Isle of Man:

  • Stamp Duty Land Tax ("SDLT") - In 2003 the UK introduced SDLT. Any transfer of interest in the UK is subject to SDLT. In the Isle of Man there is no stamp duty, including share transfers or Stamp Duty Land Tax
  • Capital Gains Tax - In the Isle of Man there is no Capital Gains Tax
  • Inheritance Tax - In the Isle of Man there is no Inheritance Tax
  • Zero Tax -  Zero tax on the corporate profits of all managers and administrators
  • No VAT -  No VAT charges on management or administration services for most categories of fund
  • No Dual Regulation - On overseas funds
  • Low Operating Costs
  • Fast Set-up Time - For New Funds

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Isle of Man Funds 

The first mutual funds were established on the Isle of Man the 1960's and were mainly used by British expatriates.

A strategic review of the Island's fund industry in 2007 resulted in the streamlining of the licensing regime for Fund Managers establishing operations and the updating of fund structures to make the Isle of Man more attractive for the domiciliation of funds.

The principal benefits of the Isle of Man as a jurisdiction for fund management and administraion are:

  • Zero tax on the corporate profits of all managers and administrators
  • No VAT charges on management or administration services for most categories of
         fund
  • No dual regulation on overseas funds
  • Low operating costs
  • Fast set up time for new funds

    • More information about Isle of Man Funds>>>


    Licensed by the Financial Supervision Commission of the Isle of Man