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Malta Property Tax & Regulations, Malta Luxury Real Estate News, International Real Estate News
Malta’s 2023 Budget Proves Advantageous for the Private Property Market
28th October 2022
The Maltese Government recently released their budget measures for 2023 and despite the current global economic turmoil, Malta’s fiscal outlook looks promising. This year’s deficit is predicted to be 5.8% of the country’s GDP, a full 2% down from last year’s 7.8%. More than that, whilst the global economic forecast stands at 2.7% - Malta’s economy grew by a staggering 10.3...
Malta Property Tax & Regulations
Property Transfer Tax Reduction Extended17th October 2022
In October of 2021, the Maltese Government announced new tax relief measures pertaining to the property market in Malta as well as extensions to previously implemented relief measures.The re...
Malta Property Tax & Regulations
Flat rate of 15% on Assignments of Rights acquired under a Promise of Sale Extended6th January 2022
In October of 2021 the Maltese Government had announced new tax relief measures pertaining to the property market in Malta as well as extensions to previously implemented relief measures.In...
Malta Property Tax & Regulations
Malta’s New Rental Laws28th August 2020
With the governments push for reform within the property market new rental laws have been introduced. The Private Residential Act 2019 has been enacted to protect both the tenant and landlo...
Malta Property Tax & Regulations
Malta Government Slashes Stamp Duty as Part of Post Covid-19 Recovery Plan17th June 2020
Malta Prime Minister Robert Abela recently announced that the government would be making cuts to the property Stamp Duty (Property Tax), a move welcomed by real estate industry professional...
Malta Property Tax & Regulations
Renting as a Housing Alternative in Malta – New Rent Regulations Proposed29th August 2019
The Maltese Government’s push for reform in the rental property market has resulted in new regulations being proposed with the stated intention of stabilising and further regulating a ma...
Malta Property Tax & Regulations
Maltese Government Proposes Amendment to Inherited Property Law17th February 2016
At the moment, the number of vacant properties around the Maltese Islands is estimated to be around 40,000. Many such properties, after being closed up for a long time end up derelict or tar...
Malta Property Tax & Regulations
First time buyers: Malta Property Tax Waiver Scheme Extended12th May 2015
The Ministry of Finance has announced that as stated in the Budget, the first time property-buyers scheme will be extended until the end of June. Beneath this scheme, those buying their firs...
Other Property News, Malta Property Tax & Regulations
Attention Developers & Buyers: New Lift Safety Rules and Regulations11th May 2015
The new EU lifts directive affecting lift safety rules and regulations is set to come into effect on April 20, 2016 – less than a year from now. The new directive will affect property buyers...
Malta Property Tax & Regulations
Taxation on Rent27th January 2015
Up until 31st December 2013, rental income could be taxed as trading income (typically rental income derived by a person who habitually rents out immovable property) or non-trading rental in...
