A Unique Location for Trusts 

The Isle of Man is also widely recognised as a premier jurisdiction for the location and management of trusts, for the following reasons:

  • Licensing and regulation of trust service providers by the Isle of Man Financial Supervision Commission.Trust service provision in the Isle of Man is strictly regulated by the Financial Services Act 2008.
  • Confidentiality - there is no public register of trusts and no requirement to disclose trust details to a third party, unless legally required to do so.
  • No Audit Requirement - there is no legal requirement for an annual audit, unless required in the trust deed.
  • No Restriction on Duration of Income Accumulation - unlike England and Wales (and several other jurisdictions) the Isle of Man places no restriction on the period in which income may be accumulated in a trust.
  • No Inheritance Tax, Capital Gains Tax, or Stamp Duty - these do not exist on the Isle of Man. Also, where none of the beneficiaries are resident on the Island, there is no income tax charge on the trust in the Isle of Man.
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Licensed by the Financial Supervision Commission of the Isle of Man