Below you will find answers to the questions we get asked the most.
The Second Time Buyers Scheme applies when a person sells their first property in order to acquire another residential property. The tax refund on stamp duty shall be of €3,000.
If an EU citizen is purchasing property in Malta as their primary residence, they do not need an AIP permit.
If an EU citizen has resided in Malta for more than 5 years, then they will not require an AIP permit.
If an EU citizen is purchasing property in Malta as a second home (and therefore not as a primary residence), then they will require an AIP permit, unless they have resided in Malta for more than 5 years.
The minimum property values are:
These values were updated in August 2020, however, they may change according to the Property Price Index.
A fee of €233 is charged per permit.
The permit is usually issued within 35 days.
*Some reductions may apply depending on the purpose of the purchase.
The tax rate in a UCA (Urban Conservation Area) is 2.5%
Yes, there is a reduction in stamp duty when buying property in Gozo. The tax is reduced from 5% to 2%.