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Gibraltar – Property Taxes

Property Tax

In Gibraltar, property tax, also known as council tax, is based on the rateable value of the property. The rateable value is determined by the Gibraltar Valuation Office and is subject to annual review. The current council tax rates for 2021-2022 range from £0.60 to £1.20 per £100 of rateable value.

Capital Gains Tax (CGT)

CGT is not applicable in Gibraltar as there is no capital gains tax on the sale of property.

Inheritance Tax

Inheritance tax is not applicable in Gibraltar.

Gift Tax

Gift tax is not applicable in Gibraltar.

Tax on Property Income

In Gibraltar, rental income is subject to income tax at the standard rate of 20%. Expenses such as property repairs and maintenance can be offset against the rental income.

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Tax Advantages in Buying a House in Gibraltar:

  • No capital gains tax on the sale of property
  • No inheritance tax
  • No gift tax
  • No annual wealth tax
  • Low council tax rates
  • Offsetting of rental income expenses against income tax

It is important to note that this information is subject to change and should be verified with a tax professional before making any decisions.

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