Southridge, Mellieħa designated as a Special Designated Area (SDA)

By means of L.N. 181 of 2018 entitled IMMOVABLE PROPERTY (ACQUISITION BY NON-RESIDENTS) ACT (CAP. 246), Southridge in Mellieħa has been designated as a Special Designated Area.  Thus Southridge, Mellieħa will be added to the List of Scheduled Zones in the First Schedule to the said Act.  This means that foreigners including third country nationals […]

Written By ACT Team

On June 8, 2018
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By means of L.N. 181 of 2018 entitled IMMOVABLE PROPERTY (ACQUISITION BY NON-RESIDENTS) ACT (CAP. 246), Southridge in Mellieħa has been designated as a Special Designated Area.  Thus Southridge, Mellieħa will be added to the List of Scheduled Zones in the First Schedule to the said Act.  This means that foreigners including third country nationals will be able to buy properties in this area without any restrictions and without requiring an AIP permit.

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].