The decreased stamp duty scheme for First Time Buyers, Second Time Buyers, buyers of vacant properties in Urban Conservation Areas (UCA), buyers of property in Gozo as well as refund schemes for restoration expenses will be extended further.
From tomorrow, First Time Buyers will also be exempt from stamp duty on the first €200,000, rather than €175,000 of the price of property. Additionally, the government announced a decreased rate of 3.5% on the first €200,000 on the price of real estate purchase, even for those who are not first time buyers.
This post is brought to you in collaboration with PwC Malta