Malta | Budget 2017 – First Time Buyers

Relevant Government Budget 2017 measures affecting 1st time buyers:

  • In 2017 first time buyers shall benefit from the exemption of stamp stamp duty on the purchase of immovable property on the first €150,000 equivalent to a saving on stamp duty of €5,000.
  • First time buyers shall benefit from schemes on expenses made on certain scheduled properties.

Drug and pharmaceutical companies are in fact keenly competing on the development of tadalafil online canada products bringing enhancers female libido solutions in various forms has been found as the safe and effective remedy of alleviating male impotence. The dosage is 100mg and is highly effective in letting a high and hard erection for a good long time. levitra samples Men have been able to experience a significant improvement in their viagra cialis prix sexual conditions. For the time purchase viagra from canada being, here are some FAQs on the purpose and safe use of this drug.
On the 16th October 2016 the Inland Revenue Department issued a set of guidance notes on the First Time Buyers Stamp Duty Relief Scheme.

General terms and conditions of the scheme

  • Applicable on transfers of immovable property made between the 5th November 2013 and the 31st December 2017 (both dates included).
  • The property must be the first immovable property acquired inter vivos by the purchasers (declaration to be included in the notarial deed).
  • The first €150,000 of the transfer value of the immovable property shall be exempt from duty on documents (stamp duty).
  • The benefit does not apply to promises of sale entered into before the 1st July 2013.

Promise of sale registered before the 1st July 2015

Purchasers will benefit for the relief of stamp duty only if the final deed of purchase is signed by not later than 31st December 2017.

Promise of sale registered on or after the 1st July 2015

Purchasers will benefit for a refund of the provisional stamp duty paid only if the final deed of purchase is signed, published and registered by not later than 31st December, 2017.

Deed of acquisition signed on or after the 1st July 2015

First Time Buyers will benefit for a refund of the duty paid or payable on the deed of transfer on the first €150,000 of the value of the immovable property if all the general terms and conditions are adhered to.

Downloads:
[icon name=”download” iconsize=”small” iconcolor=”” background=”true” backgroundcolor=”” ] Budget 2017 Speech in Maltese
[icon name=”download” iconsize=”small” iconcolor=”” background=”true” backgroundcolor=”” ] 1st Time Buyers guidelines issued by IRD

Links:
[icon name=”link” iconsize=”small” iconcolor=”” background=”true” backgroundcolor=”” ] Relevant Government budget measures 2017
[icon name=”link” iconsize=”small” iconcolor=”” background=”true” backgroundcolor=”” ] Relevant Government Budget 2017 measures affecting pensioners
[icon name=”link” iconsize=”small” iconcolor=”” background=”true” backgroundcolor=”” ] Relevant Government Budget 2017 measures affecting 1st time buyers

0
Comments

Leave a Reply

Your email address will not be published. Required fields are marked *