Property Holding Structures
Our property team assist with the formation and administration of Isle of Man property structures to hold residential and commercial property in the United Kingdom and overseas.
The Isle of Man is a popular offshore jurisdiction for property holding companies and its key strengths include:
- Expedited VAT registration VAT registration can be achieved within 1 week;
- Modern Corporate Structures a variety of corporate and non corporate entities are available which enable an efficient structure to be created (e.g. companies limited or unlimited by shares or guarantee, protected cell companies, limited partnerships and trusts);
- A well regulated system the formation and administration of Isle of Man companies and trusts is a regulated activity and MannBenham Fiduciaries Limited is licensed and regulated by the Isle of Man Financial Supervision Commission as a Fiduciary and Corporate Service provider;
- 1st Class Professional infrastructure the Isle of Man is home to leading UK banks and accounting and tax practices with whom we have good working relationships;
- AAA Rated Both Standard & Poor's and Moody's have awarded the Isle of Man a AAA rating;
- White listed the Isle of Man is on the OECD white list' of countries complying with the global standard for tax co-operation and exchange of information.
Isle of Man property holding structures are regularly used by overseas investors when investing in UK property.
Our property team works with the clients professional advisors in setting up the property structure. While we do not ourselves provide tax advice, where tax advice is required and the client does not already have a tax advisor we are happy to recommend property tax advisors.
For more information please contact Miles Benham e-mail: milesbenham@mannbenham.com
