Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022.
The Minister announced that stamp duty and tax on capital gains on acquisitions and disposals of property (up to the first Eur200,000) which have been rented out to tenants benefitting from the “Private Rent Housing Benefit Scheme” for a minimum period of 3 years but less than 10 years will be reduced by 50%. If the rented property is sold to the tenant, who had rented the property for more than 10 years, no tax shall be payable on both the acquisition and sale.
