Malta Property Agents

We hope you find in this website all the information you need to buy, rent or sell your property. Malta Property Agents are a group of experienced Real Estate Associates, trained in different sectors of the property market. Are you looking to purchase a home in Malta or Gozo, a traditional town house, villa, house of character or apartment, with a simple or luxury finish, in any of the towns or villages of the Maltese Islands? Or maybe you want to buy a sea front or luxury apartment in Sliema, St Julian’s or even Valletta? Our office, based in Balluta Bay, St Julian’s at Le Meridien Hotel and Spa, cater for all types of property transactions. We also have a large selection of property, Apartments and Villas to let for both, long or short term holiday rentals, business investments like offices, shops or restaurant leasing. Call us to discuss your property requirements today.
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Inheritance And Income Tax

9There is no inheritance tax in Malta. However, in the event of death, the beneficiary is liable to 5% transfer tax on the value of the immovable property, as at time of death. If the property is jointly owned and one of the spouses passes away, the 5% is levied on half the value of the property

This tax is not payable upon the transfer of the residential home to the surviving spouse, provided that the surviving spouse does not sell the home during his/her lifetime.

Up till September 2011, one was able to take up residence in Malta in terms of the Residents Scheme Regulations, 2004 by obtaining a certificate from the Inland Revenue Department, which certificate was issued for an indefinite period as long as certain conditions are satisfied on an annual basis. Holders could therefore reside indefinitely in Malta and could enter and leave Malta as and when required without the need of any other formalities.

In September 2011, a new Residency Scheme was set up and is referred to as the High Net Worth Individuals Rule (HNWI). Below is a list of incentives and advantages applicable to beneficiaries recognised as High Net Worth Individuals:
A flat rate of income tax of 15% with a minimum annual payment of € 20,000 after double taxation is deducted. An additional €2,500 per dependent must also be paid. Tax is calculated on foreign income (excluding capital gains) remitted to Malta.

High Net Worth Individuals are not subject to tax on worldwide income. Only the foreign income brought into Malta will be taxed.

There is no property or council tax in Malta. Tax on capital gains arising from the sale of real estate in Malta does exist but residents are exempt if they have used the property as their main residence for three consecutive years and the property is disposed of not later than one year of vacating it. If CGT is due on a secondary property, for example, this is charged at 15% of the profits registered.

Malta’s tax laws allow for deductions from double taxation, whether through negotiated double tax agreements with a substantial number of countries worldwide, or through unilateral provisions. Certain foreign income remitted to Malta qualifies for a reduced withholding rate of foreign tax. The provisions of each particular treaty entered into by Malta must, however, be consulted to determine the treatment of each item of income in each particular case.

Double taxation treaties in force as at end 2011
Albania Austria Austria Barbados Belgium
Bulgaria Canada China Croatia Cyprus
Czech Rep. Denmark Estonia Egypt Finland
France Georgia Germany Greece Hungary
Iceland India Ireland Isle of Man Italy
Latvia Lebanon Libya Lithuania Luxembourg
Malaysia Montenegro Morocco Netherlands Norway
Pakistan Poland Portugal Qatar Rep. of Korea
Rep. of Kuwait San Marino Singapore Slovakia Slovenia
South Africa Sweden Switzerland Syria Tunisia
U.A.E. U.K. U.S.A.

Malta Property Agents specialize in the following types of property available for rent and for sale in Malta and Gozo. We offer converted and unconverted farmhouses, houses of character and town houses, furnished or unfurnished apartments, some with terraces and views. Villas with swimming pool, small or large gardens. Our selection of villas and apartments for rent are always updated. We offer furnished and unfurnished property for short holiday lets and long lets. We have a complete selection of fine homes in Malta and Gozo for sale and for rent.

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