A leading tax expert has welcomed a government statement, rebutting any idea of Capital Gains Tax being introduced in the Island.
Treasury officials say the withdrawal of two concessions, and the strict treatment of an income distribution, does NOT add up to Capital Gains.
The measures follow the withdrawal of the Attribution regime from the Zero 10 system.
Phil Dearden is the managing director of PKF:
Regulator finds Manx Telecom not in breach of obligations following incident that affected 999 calls
Two unrelated incidents occurred on 6 and 8 January 2024
RTLC defends taxi tariff changes
Prices have gone up and a higher overnight rate is now implemented from 11pm
King Gaming's license suspended amidst criminal investigation
Gambling Supervision Commission publishes statement
Ministers to meet with LVA to discuss hospitality concerns
Comes after concerns raised about the issues facing the industry
Looneys of Ramsey to close
Number of factors behind the decision
Trade is good, but it's still a struggle to make a profit, says local business
Comes after calls for gov't to do more to help hospitality sector
