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Exemption from Capital Gains and Stamp Duty

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This exemption applies on the first €750,000 of the price on properties which are as the below:

  • Were built more than 200 years ago and have been vacant for more than 7 years.
  • Are built in an UCA.
  • Are new properties and are built in a traditional Maltese architecture and style.
  • Applies to qualifying properties in respect where a promise of sale hs already been entered into as long as the final contract has not yet been signed.
  • First time buyers buying qualifying properties will receive a grant of €15,000 increased to €30,000 in respect of properties situated in Gozo.
  • Persons who will own or who already own qualifying properties may benefit from a VAT refund of up to €54,000 on the first €300,000 on expenses for the restoration and improvement.

These measures are effective as from 12th October 2021 and for a period of 3 years.

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