Reduced rate of stamp duty on the donation of shares and property used for business purposes

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 […]

Written By ACT Team

On January 14, 2019
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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.

  1. 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
  2. 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.

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].