Budget 2022 – Grant to first time buyers

Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022. First time buyers buying qualifying properties will receive a grant of €15,000, which will be increased to €30,000 in respect of properties situated in Gozo. Qualifying properties are a) properties which were built more than 20 years ago and […]

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.

First time buyers buying qualifying properties will receive a grant of €15,000, which will be increased to €30,000 in respect of properties situated in Gozo.

Qualifying properties are a) properties which were built more than 20 years ago and which have been vacant for more than 7 years b) properties which are built in an UCA; and c) new properties and which are built in a typical and traditional Maltese style and architecture.

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 +356 21378672 or send us an email on [email protected].