Property transfer tax calculator Malta
When you sell immovable property in Malta, you pay a final tax on the transfer value instead of tax on the gain.
Enter the price and say how you got the property. You get the tax and what you keep.
How it's calculated
- The usual rate is 8% of the transfer value, which is the price or the market value, whichever is higher.
- Property sold within five years of buying it pays 5%, and property bought before 1 January 2004 pays 10%.
- Property inherited after 24 November 1992 pays 12% on the gain over the value declared on inheritance. Property inherited before 25 November 1992 pays 7% of the price.
- Your own home is exempt if you lived in it for at least three years in a row before the sale and sell within twelve months of moving out.
An example
Selling a flat bought in 2015 for €350,000 means a final tax of 8%, which is €28,000.
Frequently asked questions
Is the tax final?
Yes. It is separate from your other income tax, it cannot be used as a credit and it is never refunded.
Who pays it?
The seller. Buyers pay a different tax, the duty on documents and transfers.
Can I choose the normal rate for inherited property?
Yes. For property inherited after 24 November 1992 you can declare to the notary that you want the normal rate on the price instead of the rate on the gain.
Key terms
- Transfer value
- The higher of the price and the market value of the property.
- Final tax
- A tax that settles what is due on that income in full, with nothing to add in your tax return.
Up-to-date official data
Data checked against the official source on .
We check the official sources automatically, every day.
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