Under new proposed legislation, any entity or person who holds an interest in three or more residential properties will be subject to tax on any gain upon disposal of any of the properties.This tax would apply as from 1 August 2024.Certain properties are exempt from this measure, including properties used as the primary residence of the beneficial owner and properties in an estate of a deceased person. Changes proposed to Gibraltar's tax legislation would impose tax on gain realized when an entity or person who holds an interest in three or more residential properties disposes of any of those properties.Following an...