Appreciate the very insightful reply. Yes it’s a very unique place and as you say significant tax advantages. But I would worry cabin fever could and probably would set in during the winter unless you were pretty self reliant, what with the horizontal rain etc.
Re low tax options, Monaco prices are mental, we’re talking 1m for a studio -read bedsit- but I guess you could consider Cyprus, UAE and Panama if you wanted a sunnier place (for shady people) than IOM. Channel Islands nice but I think want income of £750k for residency.
I heard building and maintenance costs are very high on IOM, is that a factor bearing on prices, because with the weather there is going to be a lot of external maintenance?
By the way, I don’t know how wealthy tax exiles would even be able to spend their money there though- do they really spend 183days a year there, or does no one check up??