Topic
Property & stamp duty
Tax on property transfers and rental income, stamp duty and acquisitions by non-residents.
62 news items and articles, newest first
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Amendment to the Exemption of Duty in terms of Article 23 Order
By means of LN 130 of 2021, the Government of Malta has amended the above-mentioned rules, which were originally issued in 2020 after announcing a recovery package with the aim of restoring the economy following the…
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Amendments to Stamp Duty Regulations
Following the Budget Speech by the Minister of Finance last month, a new legal notice L.N.427 of 2020 has been introduced, bringing into effect the following changes and extensions to the current stamp duty regulations.…
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Rent Refund Scheme
In addition to the Electricity Refund Scheme, Malta Enterprise has on the 2nd of September 2020 launched the Rent Refund Scheme, whereby undertakings that operate from a business premises will be supported with a refund…
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COVID 19 measures – Exemption from Tax on Certain Property Transfers Rules 2020
After the Maltese Government has announced a recovery package with the aim of restoring the economy following the effect of the COVID-19 pandemic, new rules have now been published to give effect to the various…
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Rent Subsidy 2020 Scheme launched
After the publication of the Rent Subsidy Regulations,Malta Enterprise has now launched a Rent Subsidy 2020 Scheme. The scheme assists limited liability companies, Co-operatives and self-employed individuals that…
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Rent Subsidy Regulations published
By means of Legal Notice 187 of 2020, the Government of Malta has published new Rent Subsidy Regulations, which came into effect on 1st February 2020. The Regulations provide for subsidy assistance to eligible…
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Patent Box Regime (Deduction) Rules
The Government of Malta has by means of Legal Notice 208 of 2019, recently published new rules, introducing a patent box regime on qualifying intellectual property (IP). The deduction is applicable to qualifying income…
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Patent Box Regime (Deduction) Rules (continued)
The Government of Malta has by means of Legal Notice 208 of 2019, recently published new rules, introducing a patent box regime on qualifying intellectual property (IP). The deduction is applicable to qualifying income…
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Budget 2020 – Measures Related to Immovable Property
The Ministry of Finance has on Monday 14th October 2019 delivered the Budget Speech for the year 2020. The following are the measures announced in the budget speech in relation to immovable property. With immediate…
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Mistra Heights Designated as a Special Designated Area (SDA)
By means of Legal Notice 226 of 2019, the Mistra Heights Project has been designated as an SDA for the purposes of the Immovable Property (Acquisition by Non Residents) Act. Thus, similar to other projects, the Mistra…
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New Guidelines Issued on Duty on Documents
The Commissioner for Revenue has issued new guidelines which clarify that for the purposes of Articles 42(1)(b) and 47 of the Duty on Documents and Transfers Act, the term ‘company’ shall include a partnership. This…
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Stamp Duty on Transactions or Arrangements Involving Distributor Ledger Technology (DLT) Assets
The Commissioner for Revenue has on the 1st November 2018 issued guidelines to clarify its position on the stamp duty implications of transactions involving the use of DLT assets. Stamp Duty is tax imposed by the DDTA…
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Reduced rate of stamp duty on property situated with a UCA or scheduled by the PA
By means of Legal Notice 413 of 2018, the Government of Malta has announced that the reduced rate of stamp duty amounting to Eur2.50 for every Eur100 or part thereof, on the acquisition of immovable property situated…
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Reduced rate of stamp duty on the donation of shares and property used for business purposes
By means of Legal Notice 412 of 2018, the Government of Malta has announced that the reduced rate of stamp duty amounting to Eur1.50 for every Eur100 or part thereof, on the following donations, has been extended by…
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Southridge, Mellieħa designated as a Special Designated Area (SDA)
By means of L.N. 181 of 2018 entitled IMMOVABLE PROPERTY (ACQUISITION BY NON-RESIDENTS) ACT (CAP. 246), Southridge in Mellieħa has been designated as a Special Designated Area. Thus Southridge, Mellieħa will be added to…
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Extension for a reduced rate of stamp duty for family businesses
The incentive consisting of a reduced rate of stamp duty payable on the transfer of shares in family businesses and the transfers of commercial property that has been used in a family business has been extended for a…
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Stamp duty reduction on property acquired in Gozo
Persons who acquire residential property in Gozo by the end of 2018 will benefit from a reduction in stamp duty from 5% to 2% provided the promise of sale agreement is registered with the Inland Revenue Department by…
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Guidance Note issued by the IRD on the Taxation of Rental Income
The Inland Revenue Department has recently published some clarifications relating to the application of Article 31D of the ITA, providing for a reduced rate of tax on rental income. The final tax rate of 15% can also be…
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Amendment to the Duty on Transfers (Exemption) Order
By means of LN 187 of 2017, the Government has amended the above-mentioned Order. This Order provides for a reduced rate of stamp duty to a transfer inter vivos of immovable property which satisfies a number of…
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Acquisitions of immovable property situated within an Urban Conservation Area
By means of Legal Notice 3 of 2017, the rules applicable to the stamp duty payable on the acquisition of immovable property situated within a development area known as an Urban Conservation Area or a property which is a…
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Rent Subsidy Scheme
Introduction By means of Legal Notice 118 of 2016, the Enterprise Support Incentive Regulations were amended, by means of which small undertakings engaged in manufacturing activities that require industrial space as a…
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Guidance Note on the acquisition of residential property in Gozo
The Department of Inland Revenue has issued the following guidelines in relation to the announcement made by the Minister of Finance in the Budget Speech for 2017 relating to the acquisition of residential property in…
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Acquisition of Immovable Property by Non-Residents
Citizens of all European Union member states, including therefore Maltese Citizens, who have resided in Malta continuously for a minimum period of five years at any time preceding the date of acquisition may freely…
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Stamp duty measures announced in the Budget Speech for 2017
During the budget speech for the year 2017, the Maltese Minister for Finance has last Monday announced a number of measures related to Duty on Documents and Transfers. These are: Stamp duty on business transfers –…
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Malta Taxation on Income and Gains derived from Intellectual Property
As an international financial services centre, Malta provides for various fiscal incentives both to Malta companies and also to their shareholders. This makes Malta a very tax efficient jurisdiction where to set up…
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Lower rate of tax on rental income
In terms of Article 31D of the Income Tax Act, any persons in receipt of rental income from a residential tenement (being a tenement that is used as a residence or a garage by an individual or individuals) during…
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Two New Tax Guidelines – Immovable Property Settled on Trust
The Maltese Inland Revenue Department has recently published two Guidelines to clarify any restrictive interpretation which might have been given with respect to immovable property which would have been acquired by a…
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Guidance Notes issued by the IRD on the First Time Buyers Scheme
Following the Budget Speech for the year 2016, in connection with the extension of the scheme for the relief from duty for First Time Buyers (FTB) from the 30th June 2015 to the 31st December 2016, The IRD have issued…
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Clarification by IRD – Reduced tax rate on rental income
The Commissioner for Revenue has published on its website a clarification on the application of the 15% final reduced tax rate on rental income derived from the letting of residential tenements during 2014 and…
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Calculation of the value of immovable property for stamp duty purposes
The introduction of the Duty on Documents and Transfers (Amendment) Rules of 2014 brought about a number of changes to the Duty on Document and Transfers Act in particular on the manner in which the value of immovable…