Isle of Man

[empip]

http://www.lowtax.net/lowtax/html/isleofman/jimpetx.html#residence

In the Isle of Man there is no capital gains tax, inheritance tax or estate duty, capital transfer tax, gifts tax or wealth tax. The main tax is income tax at a maximum rate of 18%, and social security contributions are payable. The island forms part of the EU VAT area, and applies the same rate as the UK.....
Features of the Manx 2005 budget ..Personal allowance increased to £8,500. The first £10,300 of taxable income is charged at lower rate of 10%, with the balance being charged at 18%. Allowances and lower rate threshold are double for married couples who are assessed jointly....

....The Isle of Man's VAT and customs and excise duties are collected together with those of the United Kingdom. The proceeds are then shared between the two countries according to an agreed formula, based on their respective populations....

Plus the gift of several motor bikes hurtling past your doorstep once or twice per year !

 

[keyplayer]

Yes, but more relevant to this sites users - no part P

On the down side Jeremy Clarkson lives there.

 

[Thermo]

no he doesnt he lives in the cotswolds (or somewhere near there)

 

[keyplayer]

Well I wonder what his tax return address is.

 

[JohnD]

And it's not part of the UK and they're picky about accepting immigrants from Britain.

 

[empip]

Manxman .....

...After EU enlargement was agreed in early 2003, pressure increased on the island for residency controls to be boosted.
Speaking during a debate on the European Communities (Amendment ) Bill - which updates existing Manx laws to include the 2001 Nice Treaty - Labour member Peter Karran suggested that: 'With this piece of legislation there will be even more need as far as residency control (in the Island) is concerned.'
This viewpoint was supported by Chief Minister, Richard Corkhill, who announced that: 'We are part of the UK immigration law.'
He went on to add: 'The work permit control legislation is most likely to be our saviour. We must pay due regard to the legislation we already have.'

Little Islanders !

TV presenter Jeremy Clarkson says he is becoming increasingly frustrated by what he calls "militant dog owners" walking on his land on the Isle of Man...

Allegedly his property there includes a lighthouse ( Langness ) I believe... Yes light, not sh......!