Isle of Man Asset Holding

The Isle of Man is a popular choice for asset holding vehicles since it has no tax. For more information about Isle of Man companies and their taxation please see our main article on Isle of Man private companies. For more information on the use of offshore and its associated stigma see our main article on offshore services. 

Subsidiaries
Income from foreign or local subsidiaries received by Isle of Man trusts, foundations and funds is not subject to tax under any circumstances. 

Gold, Silver and Platinum
The Isle of Man is not a traditional choice for the holding of precious metals directly but it is used for clients wishing to buy into shared vaults or precious metal funds.

Direct Holding
Some local banks offer the use of safety deposit boxes for clients wishing to hold precious metals in the Isle of Man. 

Shared Vault
Clients wishing to buy into shared vaults such as bullionvault.com may wish to do so via an Isle of Man company for reasons of anonymity and tax benefit.

Funds Linked to Metals
Isle of Man vehicles can be used to hold funds generally including funds related to precious metals.

Trading Accounts
The Isle of Man can be used to hold trading funds and even where local directors are appointed the client can often retain trading rights over the account. The benefits of this includes 0% tax, anonymity, the deferral of tax by retaining it in a holding vehicle rather than in the beneficial owners’ name directly. Trading accounts (whether in the Isle of Man or elsewhere) may be held by online or traditional stock brokers by Isle of Man vehicles.

Managed Portfolios
Any portfolio (whether managed by the client or a fund manager) can be owned by a corporate vehicle in the Isle of Man and clients often prefer to hold their funds in this way. Such funds can be held either by a local broker (whether online or not) or any foreign broker. This may be especially beneficial for Hedge Funds and Venture Capital funds where the client may anticipate the possibility of a substantial gain on which they may otherwise be taxed.

Real Estate
Isle of Man companies are ideally suited to holding of real estate in the Isle of Man. This may be relevant for example to Isle of Man residency schemes or as a property investment.

Fixtures (Banking)
The Isle of Man has a very developed banking sector but local banks often prefer only to work with managed companies. For more information on Isle of Man private companies and the general rule that they must be managed by local directors see our main article on Isle of Man private companies. For more information on banking in the Isle of Man see our main article. 

Vessels
The Isle of Man is a popular maritime destination, for more information on this please see our main article on the maritime sector in the Isle of Man.

Aircraft
Malta has an emerging aviation centre which supports the registration pleasure aircraft only. For a full discussion of this area please see our main article on the Isle of Man aviation sector.