Property Tax

Malta does not impose an annual municipal property tax or annual wealth tax on immovable property.

The transfer of immovable property is generally subject to tax under Malta's Property Transfer Tax regime. In many cases, tax is charged on the transfer value of the property, although alternative capital gains rules or exemptions may apply depending on the nature of the transaction and the applicable legislation.

Several reliefs and exemptions are available, including, in appropriate circumstances:

• disposal of an individual's ordinary residence;
• transfers between certain family members;
• inherited property;
• donations in qualifying circumstances; and
• other exemptions provided under Maltese tax legislation.

The applicable tax treatment depends on numerous factors, including the date of acquisition, ownership history, intended use of the property and the specific legislative provisions in force at the time of transfer.

Stamp Duty

Malta does not levy inheritance tax.

However, stamp duty (Duty on Documents and Transfers) is generally payable on transfers of immovable property and certain securities.

The standard rate on transfers of immovable property is generally 5%, although reduced rates, exemptions and reliefs may apply in specific circumstances.

For more information on our Property Tax services, please contact us.