What sort of services can we offer?

Whilst we do not provide tax or legal advice, we do have access to a number of specialist advisors in this area and we are able to assist clients in the following areas:


UK non-residents – expatriates

Isle of Man companies and trusts are less viable for individual UK residents but there are circumstances where they can still be of value. For instance where a UK national is considering emigrating or working abroad an Isle of Man company/trust may be a useful vehicle for property ownership, employment or to provide protection for assets. Isle of Man companies and trusts may be of particular interest where a client believes he/she will obtain a financial gain from say the sale of a business or from the commercialization of a franchise, royalty or patent. By selling the right at an arm’s length basis to an offshore structure and then moving residents and domicile abroad before commercialization the client may realise gains in an optimal tax environment (provided he remains out of the UK for over five years). A client may also benefit from a form of National Insurance planning by using an Isle of Man employment company. This is difficult to apply in the UK but is still viable for some clients when posted to jurisdictions with similar NI legislation.


UK Non-domiciled clients

Foreign nationals (non domiciles) living in the UK may be able to enjoy a special tax status and can often establish a favourable tax structure to ensure avoidance of the incidence of UK Income tax, CGT and Inheritance Tax on their world-wide assets not remitted to the UK.

We have good access to professional legal and tax advisors who can assist our clients in establishing the most appropriate structure to ensure they achieve optimal tax efficiency in this area.


Companies and Intermediaries

Certain structures are still relatively effective for commercial purposes, for instance UK property owning for investment purposes. Where a company has been set up as a collective investment scheme and each UK holder holds less than 10% (to avoid attribution of gains under s13 TCGA). This is still a useful structure to avoid CGT, especially so where there are foreign investors.

Also IOM structures may be of benefit for pension arrangements which have favourable tax treatment for based clients.
IOM structures are also still useful for certain types of international transactions. VAT planning is possible for super-yachts and aircraft, VAT triangulation on trading transactions outside the UK and shipping benefits under the special regime here providing a more attractive alternative to tonnage tax in certain circumstances.

International clients

International private clients

Private clients may be interested in our company services for asset holding (foreign property purchase) and trading companies, employment companies (especially for Expatriates), retirement planning, UK Non-domiciled planning (particularly for new executive placements or those on contract for under 7 years), re-domiciliation for clients and/ or businesses leaving the UK. VAT triangulation, International Pension schemes, Super-yachts and private jet aviation. On the Trust side we can set up and administer structures that cover Wealth protection, Wealth Transmission (where say a business has been sold) and Wealth succession.


Family Office support

We can ensure a high quality and personal service where clients require us to support a Family office. We have a number of strategic relationships in place to facilitate specialist investment management, financial advisory solutions and specialist banking services (for instance for personal banking, currency mortgages and loans) to support a Family office on a “best of breeds” basis.


Institutional clients

The Isle of Man is an attractive offshore business base for many institutional clients. There are a number of sophisticated structures that may be if interest to UK institutional clients such as insurance captives, protected cell companies, international pension schemes, trading structures, royalty and patent rights, commission schemes, shipping and e-business. The Island also has a range of flexible mutual fund structures that may also be of interest. It should be borne in mind the Isle of Man is now the second most popular non UK jurisdiction, after Canada, for AIM listings with over £5billion in assets. Although this area is highly technical with investment knowledge and licensing required, we do have access to strategic partners in this area and we can assist in coordinating projects, making introductions and by providing company and trust administration or accountancy support as required.