Isle of Man Personal Income Tax

Personal income tax rates and allowances (2025/26)

Resident individuals pay tax at just two rates on income above the personal allowance, and may elect an annual tax cap. Non-residents are taxed only on Isle of Man-source income, generally at the 20% non-resident rate.

• Personal allowance (single) — IMP 14,750 IMP (Income Tax Act 1970)
• Personal allowance (jointly assessed couple) — IMP 29,500 IMP (Income Tax Act 1970)
• Personal allowance taper — Reduced by IMP 1 for every IMP 2 of income above IMP 100,000 (single) / IMP 200,000 (couple) (Income Tax Act 1970)
• Standard (lower) rate — 10% % (Income Tax Act 1970)
• Standard (10%) rate band (single) — First IMP 6,500 of taxable income above the personal allowance IMP (Income Tax Act 1970)
• Standard (10%) rate band (jointly assessed couple) — First IMP 13,000 of taxable income above the personal allowance IMP (Income Tax Act 1970)
• Upper rate — 21% % (applies to taxable income above the standard-rate band) (Income Tax Act 1970)
• Non-resident income tax rate — 20% on Isle of Man-source income (no personal allowance) % ((approx — confirm)) (Income Tax Act 1970)
• Annual tax cap (election) — IMP 220,000 individual / IMP 440,000 jointly assessed couple, fixed for a 5-year election period IMP (Income Tax Act 1970)
• Deductible interest relief — Tax relief available for qualifying loan/mortgage interest and certain other deductions, subject to caps ((approx — confirm cap)) (Income Tax Act 1970)
• Residence test — Generally resident if present 183+ days in a tax year, or present on average 90+ days a year over four years ((approx — confirm)) (Income Tax Act 1970)
• Return filing deadline — Before 6 October following the end of the tax year (Income Tax Act 1970)
• Late filing penalty — IMP 100 automatic penalty; further IMP 200 if still outstanding by 5 April following IMP (Income Tax Act 1970)
• Balancing payment due date — 6 January following the end of the year of assessment (Income Tax Act 1970)