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The Isle of Man is a self-governing Crown Dependency that has become a leading non-EU jurisdiction for luxury asset holding vehicles, particularly for superyacht ownership structures.

On 19 December 2011, the EU’s Economic and Financial Affairs Council (ECOFIN) confirmed that the Island’s 0/10 corporate tax system is compliant with the EU Code of Conduct for Business Taxation (Code of Conduct).

A radical new company law designed to ensure that the Isle of Man corporate product is at the forefront of the creation and development of modern businesses is to be introduced this autumn.

With effect from 1 April 2015, the UK Government introduced a new tax: the Diverted Profits Tax ("DPT").

As part of its wide-ranging changes to the current non-domicile (non-Dom) regime, the UK government is set to introduce a residence-based regime for both Inheritance Tax and Foreign Income and Gains with effect from 6th April 2025.

For high-net-worth individuals (HNWIs) and family offices, the choice of jurisdiction is no longer purely a technical or tax-driven exercise.

For international tax and legal advisers, selecting the right jurisdiction for a client's holding company is a balance of commercial flexibility, fiscal efficiency, reputation, and regulatory integrity.

The Isle of Man, a well-regulated jurisdiction with a long history of providing financial services, offers Trusts that are highly regarded for their flexibility, confidentiality, and robust legal framework.

Their advisors are increasingly seeking structures that balance private enjoyment with the ability to generate charter income when opportunities arise.