About us  |  Services  |  Tax Resources  |  Malta Tax News  |  Contact Us

 MALTA

 

 Companies

 
  Trading Companies  
  Holding Companies  
  Shipping Companies  
  Redomiciliation  
  Trusts  

 Individuals

 
  Tax Residence  
  Retirement in Malta  
  Property in Malta  

 E-commerce

 
  E-commerce  
  Betting Licenses  
  Remote iGaming  

 Malta Flag

 
  Yacht Registration  
  Ship Registration  
  Shipping Companies  

 Services

 

  Management Services

 

  Virtual Office

 

  VAT Services

 

  Bank Accounts

 

 

 

info@malta-tax.com

 

 

Duty on Documents

On purchase of own residential property

Aim: To lessen the burden on those who wish to buy their own residence,

Measure: Increase the value that would be subject to 3.5% duty from the current Lm20,000 to Lm30,000.

(Lm150 in savings on stamp duty)

Property transferred between family members

Currently: The property value subject to duty is the current market price for that property

Measure: The property value will be net of profit for the same property on the market. Therefore, value for purpose of Duty on Documents Act:

  • value of property net of market profit element.

Back to Budget 2003 Index

 

back  About us   |  Services  |  Resources  |  Malta Tax News  |  Links  |  Contact Us  op top

2006 MALTA-TAX.com.  All rights reserved. Disclaimer.

MALTATAX Business, Corporate & Tax Solutions