The Nook, Isle of Man The Nook, Isle of Man The Nook (Middle English: a corner or recess) is situated on the primary A18 Mountain Road in the parish of Onchan in the Isle of Man between the 37th Milestone road-side marker on the Snaefell Mountain Course and the TT Grandstand on the primary A2 Glencrutchery Road in the town of Douglas. The Nook along with the nearby Governor's Bridge road junction and hairpin bends is part of the Snaefell Mountain Course used since 1920 for the Isle of Man TT and from 1923 for the Manx Grand Prix Races. The Nook was part of
Economy of the Isle of Man and taxed on a total worldwide income basis rather than on a remittance basis. This means that all income earned throughout the world is assessable for Manx tax, rather than only income earned in or brought into the Island. The standard rate of corporation tax for residents and non-residents is 0%; retail business profits above £500,000 and banking business income are taxed at 10%, and rental (or other) income from land and buildings situated on the Isle of Man is taxed at 20%. Trade is mostly with the United Kingdom. The Isle of Man has free access to European Union