Stamp duty
All property purchases are subject to a stamp duty payable to the Government of Malta. The standard maximum rate is 5% on the immovable part of the property. 20% of stamp duty is to be paid on promise of sale. Certain incentives are currently applicable mainly:
– First time buyers who reside on the Maltese islands, are exempt from paying any stamp duty on the first property they are acquiring on the first €200,000 of the price. Offer is valid up to end of 2025.
– UCA developments will not pay any stamp duty and must be an EU citizen.
Notarial Fees
Notarial fees depend on whether you are taking a home loan (due to added registration costs) and if the property you are purchasing falls within a registration area as specified by law. Notarial fees are calculated according to the tariffe of chapter 55 of the laws of Malta. Such fees will not include the property final searches and registrations and any other legalities. Any other taxes are borne by us.