By means of LN 316 of 2023, the Government of Mata has extended the deadline for persons to acquire ‘inter vivos’ residential property situated in Gozo by one month wherein, the duty otherwise chargeable in terms of the Duty on Documents and Transfers Act shall be chargeable at the rate of two euro (€2.00) for every one hundred euro (€100.00) or part thereof of the amount or value of the consideration for the transfer of the property or the value of the property, whichever is the higher.
The above is subject to the following two conditions amongst others (i) the final deed relative to the said transfer is made by the 31st January 2024 (previously 31st December 2023) and the notice of the said final deed is given to the Commissioner for Tax and Customs by the 31st March 2024 (previously 29th February 2024) and (ii) notice of the promise of sale agreement in relation to such a transfer is given by the 31st January 2024 (previously 31st December 2023).
