Buying property in Malta is full of perks and privileges

climbing the property ladder means that you are making investments on the islands and hoping to turn a profit with future sales or rentals or securing a home to call you own.

But much like all products and services acquired in life, property comes with a tax percentage that needs to be calculated when looking to buy a property. The new rate of final withholding tax on property is 8% on the value of the property transferred. While this percentage has been in place since 2015, checking for recent updates before committing to a sale will ensure you have all the accurate information you need to make an informed decision.

If you are buying your property through the services of Simon Mamo Real Estate Agency, our experts will guide you and make sure you are always updated with the latest information before signing any contracts or leases.