top of page

Further extension to the Property Tax Reduction Scheme to June 2023

15 September 2022

Antoinette Scerri


15 September 2022

Legal Notice 225 of 2022 provides for a further extension to the tax reduction scheme which was initially introduced as a Covid measure in 2020. The scheme provides for a reduction of the income tax due to 5% and a reduction on the stamp duty due to 1.5% on the first €400,000 of the transfer value, upon a transfer of immovable property situated in Malta. The reduction now applies to transfers made before June 2023.

Feel free to get in touch with us should you require further information.

bottom of page