Malta Property Tax

Malta Property Tax


The Maltese Islands are renowned for their Mediterranean climate, beautiful landscape, rich culture and historical landmarks. Malta is a member of the EU and the Schengen Area.

In recent years, Malta has witnessed an unprecedented growth in its real estate sector fuelled by a healthy demand for property from its local and expat residents. The Maltese real estate market can offer a vast selection of property, ranging from affordable accommodation to high-end villas and apartments in luxurious neighbourhoods.






Country Highlights

TAX SYSTEM: EU Approved LANGUAGES: Maltese, English
DOUBLE TAX TREATIES: Broad network of over 70 signed
DTTs
CURRENCY: Euro €
GDP GROWTH: 6.3% in 2015 (EC) SCHENGEN STATUS: Full Member
EU: Member of the EU & Eurozone TIME ZONE: Central European Time Zone (UTC+01:00)


Legal Basis

The main rules for the taxation of transfers of immovable property situated in Malta (or any right over such property) are stipulated in the Income Tax Act (the “ITA”), whilst the payment of provisional tax, along with other formalities, are regulated by the Income Tax Management Act (the “ITMA”).


Benefits

  • Clear Legal process
  • Fast acquisition process - 3months 
  • Advantageous property transfer tax rate ranging from 2% to 8% 
  • Low tax rate of 7% on capital gains under certain conditions


Eligibility

  • Residents and Non-residents 
  • Non-residents are required to produce a statement of country of residence, confirming they are resident and subject to tax in that country on the gains or profits derived from the transfer of immovable property situated in Malta. 


Process & Timeline




Why Work With Us


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Key Contacts

Ms Michelle de Maria

Partner, Tax

+356 22056692

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