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 us on [email protected]. ACT can help you understand the changes to the income tax, accounting, corporate and VAT 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]. 

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