Malta property Q&A
How much is stamp duty in Malta?
In short
Standard stamp duty in Malta is 5% of the purchase price. It is reduced to 2.5% in Urban Conservation Areas and 2% for property in Gozo.
The detail
First time buyers pay no stamp duty on the first 200,000 euro of the property value, then the prevailing rate on the balance. Second time buyers replacing their main residence can claim a refund of up to 3,000 euro on the duty from their previous home.
Payment is split: 20% of the duty is provisional and paid when the promise of sale (konvenju) is signed, with the 80% balance due at the final deed. Duty is only one closing cost; budget also for notary fees of roughly 1% to 2% and legal searches. Model your exact figure with the stamp duty calculator.
Related questions
Do first time buyers pay stamp duty in Malta?
First time buyers are exempt on the first 200,000 euro of value and pay the prevailing rate only on the amount above that.
Is stamp duty cheaper in Gozo?
Yes. Residential purchases in Gozo attract a reduced 2% rate, against the 5% standard rate on the main island.