Isle of Man on Fund Management/ REITs

Establishing an effective Offshore Trust that is both operationally sound and achieves the Settlor's objectives is of paramount importance, but can be fraught with pitfalls.

In this series we will examine the key elements of Offshore Trusts, taking a particular interest in Isle of Man Trusts. This is the first of three articles, and one that lays the foundation that we will build upon.

The Isle of Man Government has today (15 December) approved an extension of the economic substance rules to include "self-managed schemes".