The island of Malta is renowned for its hospitality and Mediterranean charm that has seen it become a prime location for foreign businesses, property investment, holidays and even as a retirement destination.
Property investment in Malta offers the opportunity to benefit from the numerous residency conditions as well as the tax benefits available in Malta.
There are no property rates or property taxes in Malta and profit on the sale of one’s residence is not subject to capital gains tax provided the property is sold after three years of ownership. In terms of death or succession duty, there is a 5% stamp duty payable on transmission of the property.