Lower Property Tax Incentive will be ending soon

You only have till the end of July 2021 to be eligible for the Malta government COVID-19 property incentives.

If you are buying a property you get:

  • a reduced stamp duty rate of 1.5%, from the current 5%
  • tax exemption on the first €200,000 in the case of first-time buyers
  • eligibility to our first-time buyer offers
  • eligibility to our buy & sell incentives which includes up to €1000 in cashbacks

If you are selling your property you can benefit from a final withholding tax of 5% instead of 8%. That’s a saving of €12,000!

 

The above incentives are valid for promise of sale (konvenji) agreements entered into by the 31st July 2021, given that the final contract is signed by the 31st December 2021.

Call at any of our branches to find out more or submit your details below and we will get in touch.

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