cONTINUE rEADING
Property Tax and Incentives
- The current tax incentives applicable to property improvements and individuals buying or selling properties that are over 20 years old and have been vacant for more than seven years, as well as to those dealing with properties in urban conservation areas (UCA) will be extended.
- First-time buyers of eligible properties are to continue benefitting from a one-time grant.
VAT and Grant Support
- VAT refunds for expenses incurred in the restoration and finishing of properties located in an Urban Conservation Area (UCA) will continue for those built for more than 20 years and vacant on the transfer date, or new properties developed in accordance with approved criteria.
New Emphyteusis Redemption Scheme
- A new emphyteusis-redemption scheme directed specifically towards the redemption of temporary emphyteusis shall be introduced. This is expected to widen the eligibility on current and past schemes.
Social Support Measures Related to Property
- Pensions will increase by €8 per week, inclusive of the cost-of-living adjustment.
- For persons born on or after 1976, the number of years of social security contributions for a full pension will increase from 41 years to 42 years.
Interested in other topics announced in Malta Budget 2025?
Read our dedicated article on The national economic forecast, inflation, employment, and fiscal details here.
Read our dedicated article on Tax savings, international tax policies, and incentives that benefit families and enterprises here.
Read our dedicated article on Malta’s tech and environmental incentives, future goals, and labour law changes, attracting readers interested in sustainability, tech innovation, and Malta's 2050 vision here.
Alternatively, you can view and download the full Malta Budget for 2025 in PDF format here.
