Isle of Man Law Society Isle of Man Law Society The Isle of Man Law Society is the professional body in respect of the advocates' profession in the Isle of Man. The Society is the longest established professional body in the Isle of Man, formed by the Law Society Act 1859 passed by Tynwald while the island's capital was still at Castletown. The Society was established to provide its members with access to a law library, which still exists at the Hall of the Society in Douglas and holds legal case histories and reference books. The Society's role has developed and, as well as dealing
Economy of the Isle of Man <nowiki>'Enterprise Island, "Tech Isle', 'Manufacturing centre of excellence', 'Offshore energy hub', 'Destination Island' and for 'Distinctive local food and drink'</nowiki>. The government has published its national economic strategies for several emerging sectors: aerospace, biomed, digital media, ICT. The Isle of Man is a low-tax economy with no capital gains tax, wealth tax, stamp duty, or inheritance tax; and a top rate of income tax of 20%. A tax cap is in force: the maximum amount of tax payable by an individual is £125,000; or £250,000 for couples if they choose to have their incomes jointly assessed. Personal income is assessed