By means of Legal Notice 412 of 2018, the Government of Malta has announced that the reduced rate of stamp duty amounting to Eur1.50 for every Eur100 or part thereof, on the following donations, has been extended by another year until 31st December 2019.
- marketable securities issued by a company which are transferred by gratuitous title (donation) by an individual to certain relatives who are referred to in article 5(2)(e)(i) of the Income Tax Act: and
- immovable property being a commercial tenement (business property), that would have been used in a family business as defined in the Family Business Act for a period of at least three (3) years preceding the transfer which is transferred by gratuitous title (donations) by an individual to certain relatives referred to in article 5(2)(e)(i) of the Income Tax Act.
