Mistra Heights Designated as a Special Designated Area (SDA)

By means of Legal Notice 226 of 2019, the Mistra Heights Project has been designated as an SDA for the purposes of the Immovable Property (Acquisition by Non Residents) Act.  Thus, similar to other projects, the Mistra Heights Project shall also be added to the List of Scheduled Zones in the First Schedule to the […]

Written By ACT Team

On September 9, 2019
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By means of Legal Notice 226 of 2019, the Mistra Heights Project has been designated as an SDA for the purposes of the Immovable Property (Acquisition by Non Residents) Act.  Thus, similar to other projects, the Mistra Heights Project shall also be added to the List of Scheduled Zones in the First Schedule to the Immovable Property (Acquisition by Non-Residents) Act.  Thus no permissions in terms of the said Act, will be required by buyers of immovable property within this area.  Furthermore, no restrictions exist on the number of properties which can be acquired by the same buyer within an SDA. 

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].