Malta Budget 2025

PROPERTY-RELATED MEASURES IN THE 2025 BUDGET

Here is a summary of the new property-related measures announced recently in the Malta Budget 2025:

• The Gozo Property Scheme offering a reduced stamp duty rate of 2% (instead of 5%) on individual property purchases on the island will not be extended beyond 31st December 2024
• First-time buyers property schemes, including the grant of €10,000 spread over 10 years and stamp duty exemption, shall be extended for another year
• Stamp duty reduction for second-time buyers shall continue
• VACANT AND UCA properties:Properties that were constructed over 20 years ago and have been vacant for at least 7 years, as well as those located within Urban Conservation Areas (UCAs), are eligible for the following:

CAPITAL GAINS AND STAMP DUTY EXEMPTIONS
An extension of the capital gains tax and stamp duty exemption on the first €750,000 of the property’s purchase price

– €54,000 VAT REFUND
A VAT refund of up to €54,000 on input VAT for the initial €300,000 of restoration costs

– €15,000 or €40,000 GRANT
A grant of €15,000 for properties in Malta and €40,000 for properties in Gozo

Credit to NM Group for some of the above points highlighted in their Malta Budget 2025 article 

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Contact Us

For more information about any of the above please contact one of our highly experienced team members via the contact details listed below:

Call +356 2131 0800 / 0088 or by Email: perry@perry.com.mt

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