
The Island has no death duties, inheritance taxes, property taxes or capital gains taxes. In April 2006, the Island introduced a zero tax rate for all corporate sectors except for banking businesses, which has separate taxation arrangements.
The Island has no exchange controls
The Isle of Man has a Double Taxation agreement with the United Kingdom, a taxation agreement with the United Kingdom, a taxation agreement with the United states in relation to shipping, plus shipping and air transport agreements with a number of countries, including the Neatherlands, Sweden, Denmark, Norway, Finland and Iceland. The Island has also entered into a Double Taxation agreements with a number of countries, including Denmark, Norway, Fniland, Iceland.
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