Stimulus package incentivises property purchases

 

Considering a property purchase?

Property buyers & sellers are eligible for tax reductions like never before!

As part of the stimulus package for Malta, the property market is set to shift into high gear with tax reductions for property buyers and sellers.
  • Valid on publication of final deed of sale
  • Valid on final contracts done between 9th June 2020 and 1st April 2021
  • The reduced rate applies to the first €400,000 of the value of the property

Property Buyers

Buyers can benefit from a reduction of stamp duty – paying 1.5% instead of 5%. This applies to a maximum value of €400,000 and any value above this will be taxed at the regular rate.
Find out how much you can save – try our instant savings calculator!

Property Sellers

Those selling property between now and 1st April 2020 can enjoy a reduced capital gains tax – from 8% down to 5%.