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Malta Extends Stamp Duty Relief for Property Sales

16 April 2021

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Approved Changes

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Malta

Malta has extended the reduced stamp duty rate from 5% to 1.5% on the first EUR 400,000 of property value in the case of property purchases, and from 8% to 5% on the first EUR 400,000 of property value in the case of property sales for promises of sale (or promises of transfer - added) that are registered until 31 July 2021 (extended from 31 March 2021). Where a promise of sale or promise of transfer is entered into by 31 July 2021, the schemes apply provided that the final transfer is made by 31 January 2022 (extended from 31...