cONTINUE rEADING
A reduced rate of duty of 2.5|% was introduced on certain transfers of immovable property by virtue of the Duty on Transfers (Exemption No.2) Order, 2017 of 19 December 2017
The new rate applies to transfers inter vivos of immovable property situated within an urban conservation area or scheduled by Malta Planning Authority to a person who does not require a permit to purchase such property and that are effected on or after 10th October 2017 but before the 1st January, 2019. Duty on transfers covered by the Order shall be calculated at a rate €2.50 on every €100 or part thereof of the consideration for the transfer of the property or of the market value of the property, whichever is the greater.
