By means of Legal Notice 413 of 2018, the Government of Malta has announced that the reduced rate of stamp duty amounting to Eur2.50 for every Eur100 or part thereof, on the acquisition of immovable property situated within an urban conservation area or which is scheduled by the Planning Authority, in terms of article 57 of the Development Planning Act has been extended by another year until 31st December 2019.
Reduced rate of stamp duty on property situated with a UCA or scheduled by the PA
How can we help?
For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri ec[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].