Government Offices
Buck's Road, Douglas
Isle of Man IM1 3TX
Enquiries:
+44 (0) 1624 685400

Personal Allowances

PERSONAL ALLOWANCES 2010/2011

Single Person	£9,300
Married Couple (combined)	£18,600
Additional Personal Allowance	£6,400
Blind Person	£2,900
Disabled Person	£2,900
Non-Resident	£0.00
Age Allowance	£2,020

INCOME TAX RATES

STANDARD RATE TAX THRESHOLDS

PREVIOUS YEARS RATES AND ALLOWANCES

	03/04	04/05	05/06	06/07	07/08	08/09	09/10	10/11
Standard rate	10%	10%	10%	10%	10%	10%	10%	10%
Single person lower rate band	10000	10000	10300	10500	10500	10500	10500	10500
Married couple lower rate band	20000	20000	20600	21000	21000	21000	21000	21000
Higher rate	18%	18%	18%	18%	18%	18%	18%	20%
Non-resident rate	18%	18%	18%	18%	18%	18%	18%	20%
Single allowance	8000	8225	8500	8670	8850	9200	9200	9300
Additional personal allowance*	5475	5630	5800	5920	6040	6300	6300	6400
Blind persons / Disabled persons	2460	2530	2610	2665	2720	2850	2850	2900
Age allowance	n/a	n/a	n/a	n/a	n/a	2000	2000	2020
Non-resident allowance	n/a	n/a	n/a	2000	2040	2120	2120	0
Mortgage and Loan Interest limit**	n/a	n/a	n/a	n/a	n/a	15000	15000	10000
BIK*** exemption (not car benefit)	400	400	400	400	400	400	400	400
Nursing expense limit	8000	8225	8500	8670	8850	9200	9200	9300
Educational deed of covenant	5000	5500	5500	5500	5500	5500	5500	5500
Charitable Donations	5000	5500	5500	5500	6000	7000	7000	7000
Private medical insurance limit	1800	1800	1800	1800	1800	1800	1800	1800
Homestay (TT fortnight only)	750	750	750	750	1500	1500	1500	1500

* Single parent additional allowance

** Mortagage and Loan Interest limit is for a single person, limit is doubled for a jointly assessed married couple

*** Benefit in Kind

Further details and guidance on allowances and reliefs are available in the GN1 return form guide

For information on National Insurance Contributions see here

For information on VAT see here

Income Tax