Reduced rate of duty on acquisitions of residential immovable property in Gozo extended by another year

By means of Legal Notice 460 of 2021, the Government of Malta has extended the date by virtue of which a reduced rate of duty of 2% is applicable on acquisitions of residential immovable property in Gozo.

The applicability of the reduced rate has thus been extended by another year i.e. to acquisitions of residential immovable property in Gozo effected up to the 31^st December 2022, provided that the notice of transfer has been submitted to the Commissioner for Revenue on or before the 28^th February 2023 (previously 28^th February 2022).