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Government Tax Reduction Scheme Extended till July 2021
(28th February 2021)

Prime Minister Robert Abela has announced on Sunday the 28th of February 2021 that the Government Tax Reduction Scheme has been extended till July 2021.

Reduction of Property Stamp Duty from 5% to 1.5%

Buyers will continue to benefit from a reduced stamp duty rate of 1.5% from the current 5%. All buyers who sign their promise of sale by the end of July 2021 and finalise their contract by the end of December 2021 will benefit from this scheme. This measure applies for all properties and covers the first €400,000 of the property value.

Property Transfer Tax Reduced from 8% to 5%

The vendors will also continue to benefit from the property transfer tax scheme that has been reduced from 8% to 5%. All vendors who sign their promise of sale by the end of July 2021 and finalise their contract by the end of December 2021 will benefit from this scheme. This measure also applies for all properties and covers the first €400,000 of the property value.


property forsale, to let, malta, fsm