Budget 2022 – 50% reduction in stamp duty and tax on capital gains

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 […]

Written By Stephen Balzan

On October 13, 2021
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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. 

How can we help?  

For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri [email protected]. ACT can help you understand the changes to the tax rules and how these can impact your business.  

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on 00356 21378672 or send us an email on [email protected].