Capital Gains Tax

When you sell your Malta or Gozo property, there is tax applicable to the income derived from it. In Malta and Gozo this falls under capital gains tax.

The capital gains tax applicable is as per the table below:

Title of Transferor Provisional Tax on Capital Gains Final Withholding Tax
Deriving from Inheritance prior to 25th November 1992 7%
Deriving from Inheritance after 24th November 1992 12% on the difference between value declared in causa mortise and deed of sale.
Deriving from Partition of property which itself related to inheritance prior to 25th November 1992 Vide Category 1
Deriving from Partition of property which itself related to inheritance after 24th November 1992 Vide Category 2
Deriving from Donation over 5 years prior to deed of sale 12% of sale priceless value of a donation
Deriving from Donation less than 5 years prior to deed of sale 12% of the sale price
Property regarding which konvenju registered prior to 22nd November 2005 7% provisional as long as deed published prior to 31st March 2006 Else 12% of the sale price
Property owned less than 5 years prior to deed of sale either 7% provisional or 12% of the sale price
Property located in a specially designated area, regarding its first transfer. either 7% provisional or 12% of the sale price
a) Exemption issued by CIR ;
b) Donation by the family to family members;
c) Ownership and residence for over 3 years;
d) Transfer by engaged couples of 1/2 share to the other party;
e) Property assigned in a separation agreement.
nil nil
All other categories 12% of sale price or 35% Capital gains if owned for more than 5 years (extended for 7 years from 2006)