Tax reduction scheme on property transfers extended to June 2023
The scheme provides for a reduced tax and stamp duty rate of 5 per cent and 1.5 per cent on the first €400,000 of a property’s value
Stamp duty in Malta & Gozo reduced to 1.5%
Stamp duty in Malta and Gozo has been reduced to 1.5% until March 2021 in order to help boost the economy following the impact of COVID-19
No significant changes in the price of property
Property sales remain “encouraging”, according to real estate agencies, putting paid to prospects of major drops in post-COVID-19 prices and pointing only to “more realistic” corrections so far. It is early days for analysis, they agree, but no significant changes have been noted in prices despite the million-dollar question being asked in view of the […]