Malta – Property Taxes

• Property tax in Malta is known as “annual property tax” and is based on the rental value of the property.
• The tax rate ranges from 0.1% to 0.5% of the rental value of the property.

Capital Gains Tax (CGT)

• CGT is imposed on the sale of property in Malta and is calculated as a percentage of the sale price.
• The CGT rate for residential properties is 5% and for commercial properties is 7%.

Inheritance Tax

• Inheritance tax in Malta is based on the value of the property and the relationship between the deceased and the heir.
• The tax rate can vary from 0% to 35%, depending on the circumstances and the relationship.

Gift Tax

• Gift tax in Malta is imposed on gifts of property and is calculated as a percentage of the value of the gift.
• The tax rate can vary from 0% to 35%, depending on the circumstances and the relationship.

Tax on Property Income

• Income earned from renting out property in Malta is subject to income tax.
• The tax rate can vary depending on the type of property and the income earned.

Tax Advantages

• Malta has a number of tax incentives, such as the Malta Global Residence Program and the Malta Residence and Visa Program, which provide tax benefits for foreign buyers of property in Malta.
• Additionally, properties in certain designated areas may also be eligible for tax incentives.
• Malta also has a number of double tax treaties in place with various countries, which can provide tax benefits for foreign investors.
• Furthermore, Malta has a system of tax allowances which can be used to reduce the overall amount of taxes due on a property.