path: Home / News

HEADLINES
News from the BW Group

Tax Free Development of Intellectual and Real Property in the UK
Tax Free Property

Tax Free Development of Intellectual and Real Property in the UK

You could be enjoying profits from land dealing in the UK without the charge to UK tax thanks to another new development from BW Group.

We provide specialist advice on whether properties should be held through a corporate structure or personally and could help you save money.

Read the PDF below to find out more about the tax-free development of intellectual and real property in the UK.

For further information please click to download a PDF.

Economic Agreements break new ground
New ground

Isle of Man - Netherlands Economic Agreements break new ground

The Isle of Man has broken new ground by signing bilateral agreements with the Netherlands based on mutual economic benefit and co-operation.

The deal - the first of its kind between a small international business centre and an OECD1 member – will support business opportunities between the two countries in such areas as international shipping and aviation.

For further information please click to download a PDF.

The Tax Environment in the Isle of Man
Tax Environment

The Tax Environment in the Isle of Man

The Isle of Man operates its own tax system entirely separate from the United Kingdom. Its parliament Tynwald is responsible for enacting all of its tax law.

Corporate taxation in the Isle of Man is simple to understand and provides significant benefits to companies doing business in the Island.

There is no capital taxation at all in the Isle of Man. Therefore resident individuals and companies pay no wealth taxes, inheritance, gift or capital gains taxes.

For further information please click to download a PDF.

Preserving Prosperity
Isle of Man Tax Cap

Isle of Man Tax Cap - “An example of Preserving Prosperity”

Budget package caps personal tax at £100000 and introduces 0% corporate taxes.

On 21st February 2006 the Isle of Man Treasury Minister, Hon. Allan Bell, announced a package of measures to further stimulate the inflow of investment and business to the Island as part of his 2006 Budget speech to Tynwald, the Isle of Man Parliament.

For further information please click to download a PDF.

Isle of Man
AAA Credit Rating

Isle of Man receives AAA Credit Rating

The Isle of Man has been given "AAA" credit rating by both Standard & Poor's and Moody's - the highest possible award.

The award reflects the buoyancy of the Isle of Man's economy - the Island boasted Europe's fastest growing economy in 1997/98 - the Island's track record for prudent budget management, including its high level of reserves and low level of public debt, and the Island's mutually beneficial relationship with the UK.

Commenting on the announcement, Andrew Smith, Isle of Man Government International Services Division, said:

"The award of the AAA credit rating is impressive third party endorsement of the Isle of Man and its economy. It is thanks to our position as a most progressive and successful offshore jurisdiction that we have been given this endorsement.

In 1999, as in previous years, the Island won the Best Offshore Location for Life Assurance business and the award for the Best Offshore Location for Investment Business at the OFFEX awards as well as being voted the Best Offshore Financial Services Centre by International Money Marketing."


  1. Read our full article here...

For further information please e-mail is@treasury.gov.im.

David Pope
David Pope

Pensions Licence Awarded

BW Group has recently been awarded a new licence to operate as a Pension Schemes Administrator by the Isle of Man Government.

Commenting on the license, David Pope, Chief Executive Officer for the BW Group, said:

Once again this shows our commitment to the expansion of the BW Group. In particular our ability to offer our clients a wider range of bespoke services.  We believe that we are only one of a few corporate service providers who have been granted a license which reflects the strength and expertise of the group in the Isle of Man.

Residency Decisions
Residency Decisions

Recent Residency Decisions

BW Group are pleased to advise you of their thoughts regarding the recent residency decisions in relation to the United Kingdom.

For further information please click to download a PDF.

Alternatively please please do not hesitate to contact info@bwgroupltd.com or call +44 (0)1624 677100 and ask for the New Business Department.