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Isle of Man (Offshore) resident Tax Affairs
seanis
Posted: Tuesday, April 8, 2014 6:44 PM
Joined: 08/04/2014
Posts: 2


Hi there, I will be moving out to Palma to seek yacht work next year (Feb/Mar 2015), however I would like to know how the tax arrangements would work? I'm an Isle of Man resident (born and raised here), so I do pay income tax here, but I've heard numerous stories about yacht work being tax-free if planned correctly. Any help would be appreciated. Thanks, Sean
Tilley
Posted: Wednesday, April 9, 2014 10:16 PM
Joined: 18/02/2009
Posts: 1


Google is your friend http://www.gov.im/treasury/incometax/sections%5Cpractitioners/PN44(4)-93.xml 

There may be specialist companies over there that will do your tax return like Seatax in the UK. 

 


Pete Brooke
Posted: Thursday, March 12, 2015 1:50 PM
Joined: 01/12/2008
Posts: 62


It is vital to be sure of your own tax status - Tax liability (anywhere in the world) starts with residency and tax residency is not a matter of choice... it is a matter of FACTS! 

Take a test to be more sure of the facts. 

http://www.my-horizons.com/tax-services-for-superyacht-crew/