We’re bringing you the highlights from the government’s budget plan for 2023 related to property.
As announced during last year’s budget, tax incentives in relation to the transfer and acquisition of specific properties will continue to apply for the next two years.
Such incentives consist of no income tax and stamp duty charges on the first €750,000 of the value of the property transferred when such property:
The measures to refund part of the VAT incurred on certain eligible expenses will continue to apply.
The stamp duty reduction scheme applicable to first-time buyers, second-time buyers and property acquisitions in Gozo will be extended for a further year.
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