Isle of Man tax cap: sourced answers
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Tax regime
What fixed annual payment (minimum tax) is charged under the regime
Isle of Man sets a tax cap of £220,000 for an individual and £440,000 for a jointly assessed couple for 2026/27.
«Annual Income Tax Cap Election Amount 2026/27 Single Person £220,000 Joint Assessed £440,000 Income Tax Rates and Allowances (current and historic) Personal Allowances Description 20/21 21/22 22/23 23/24 24/25 25/26 26/27 Single Allowance 14250 14250 14500 14500* 14500* 14750* 17000* Jointly Assessed Couple Allowance 28500 28500 29000 29000* 29000* 29500* 34000* Single Parent Additional Allowance 6400 6400 6400 6400 6400 6400 6400 Blind Persons / Disabled Persons 2900 2900 2900 2900 2900 2900 2900 Non-Resident Allowance 0 0 0 0 0 0 0 *The Personal Allowance is reduced by £1 for every £2 that your income is in excess of £100,000 or £200,000 for a jointly assessed couple. Personal Income Tax Rates Description 20/21 21/22 22/23 23/24 24/25 25/26 26/27 Standard Rate 10% 10% 10% 10% 10% 10% 10%»
Source: gov.im · source copy as of 2026-10-03
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