Notary Public & Commissioner for Oaths


Budget 2020 - Cash transaction limit

Created on Sunday, 20 October 2019 19:53

During the 2020 Budget speech, it was announced that from 01/01/2020, cash transactions exceeding Eur 10,000 in property (and other high-value purchases) shall be banned. This effectively means that a prospective buyer shall not be allowed to pay more than Eur 10,000 in cash when purchasing an immovable property. The move is intended to combat money laundering and tax evasion.

Further details:

First-time buyers' scheme extended up to Eur 200,000

Created on Sunday, 20 October 2019 19:43

During the Budget speech 2020, it was announced that with immediate effect, first-time buyers will not pay stamp duty tax on the first Eur 200,000. This has been extended from the value of Eur 175,000 as the scheme previously provided.

The scheme is open to all EU citizens who are acquiring their first ever immovable property anywhere in the world and who declare their intention to establish their sole ordinary residence in the property being acquired.

Urban Conservation Areas

Created on Wednesday, 06 January 2016 14:44

With reference to the preferential rate of duty on the purchase of property situated within an Urban Conservation Area, as announced by the Minster for Finance during the Budget Speech, please find following the guidance note issued by the Inland Revenue Department:

In the case of a transfer inter vivos of immovable property situated within an urban conservation area or scheduled by the Malta Environment and Planning Authority in terms of article 81 of the Environment and Development Planning Act or any Act which may be substituted therefor, the duty otherwise chargeable in terms of the Duty on Documents and Transfers Act shall be chargeable at the rate of two euro and fifty cents on every one hundred euro or part thereof (i.e.: 2.5%) of the amount or value of the consideration for the transfer of the property or of the value of the property, whichever is the greater.


Guidance Note on the First Time Buyers Scheme

Created on Saturday, 17 October 2015 00:32

Following the declarations made during the Budget Speech 2016 relative to the extension of the scheme for the relief from duty for First Time Buyers (FTB) from the 30th June 2015 to the 31st December 2016, please note that the following guidelines are to be followed.


PM hints Budget will address dilapidated property

Created on Monday, 28 September 2015 14:37

A public consultation on the incentives required to put dilapidated property on the market may be on the cards in the next Budget, the Prime Minister said this morning. Joseph Muscat was addressing the media ahead of a meeting with the Malta Developers Association at his office. The talks are part of public consultation in the run up to the 2016 Budget which will be announced on October 12.


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