The Isle of Man 2026-27 Budget was delivered on 17 February 2026. The tax-related measures of the budget are relatively limited and include:
- An increase in the personal tax allowance by IMP 2,250 to IMP 17,0000 for individuals and by IMP 4,500 to IMP 34,000 for jointly-assessed couples;
- An increase in the maximum tax deduction for nursing expenses from IMP 12,500 to IMP 15,000;
- An increase in the TT Homestay tax allowance from IMP 2,350 to IMP 2,500, which is available in respect of qualify…