Can I pay all my tax in the Isle of Man
2:11 PM, 20th August 2018, 8 years ago
3
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I live and am a resident on the Isle of Man for over 10 years. My pensions from the UK are sent to IOM without tax being deducted and I pay the tax on IOM.
I have properties in the UK and pay tax on them in the UK. I would like to pay all my tax to the IOM government.
Is this possible as I think it comes under worldwide income.
If this can be achieved, how?
Many thanks
Jo
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Member Since February 2011 - Comments: 3453 - Articles: 286
2:14 PM, 20th August 2018, About 8 years ago
Hi Jo,
As far as I am aware you will always have to pay UK tax on profit derived from UK property.
Mark has just left traveling on holiday so may take some time to see this.
Member Since October 2013 - Comments: 97
9:34 AM, 25th August 2018, About 8 years ago
UK taxes must be paid for all income generated or earned in the UK. This is irrespective of you being a UK non-resident for tax purposes.
https://www.gov.uk/tax-uk-income-live-abroad
Member Since January 2016 - Comments: 473
1:53 PM, 25th August 2018, About 8 years ago
if the properties were held in a LtdCo and you only took dividends, I think it might be a different story