It is understood that new legislation is being drafted in the following areas:
This new legislation will assist greatly in clarification of currently clouded areas in the law and, in particular, for capital allowances. It is hoped that draft bills will be available for discussion in this calendar year. Taxpayers and their advisers deserve the right of certainty.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
Further information is available on the scheme from Bruce Taylor, PO Box 250, Grosvenor House, 66-67 Athol Street, Douglas, Isle of Man IM99 IXJ, Tel: +44 (0) 1624 672332, Fax: +44 (0) 1624 672334. For additional information on taxation in the Isle of Man enter a text search 'Deloitte & Touche' and 'Business Monitor'.
- Taxes management
- Capital allowances
- Oil and gas taxation
- Corporate tax
This new legislation will assist greatly in clarification of currently clouded areas in the law and, in particular, for capital allowances. It is hoped that draft bills will be available for discussion in this calendar year. Taxpayers and their advisers deserve the right of certainty.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
Further information is available on the scheme from Bruce Taylor, PO Box 250, Grosvenor House, 66-67 Athol Street, Douglas, Isle of Man IM99 IXJ, Tel: +44 (0) 1624 672332, Fax: +44 (0) 1624 672334. For additional information on taxation in the Isle of Man enter a text search 'Deloitte & Touche' and 'Business Monitor'.
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