Pitfalls of Buying Property in Malta: A Legal Guide for Foreign Buyers Foreign buyers often assume the notary “covers the legal side”, but the notary is a neutral public official and does not protect either party. This guide explains the common pitfalls foreign buyers face in Maltese property transactions and the buyer-side legal work that […]
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Inheriting Property in Malta Inheriting Property in Malta A person may inherit property in Malta, either by virtue of a will or by virtue of operation of the law. A person inherits property by virtue of a will, either because the deceased person appointed him/her as an heir or because the deceased person left property
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Perpetual Ground Rents in Malta Property The legal institute of ‘emphyteusis’, once very popular throughout the continent, has nowadays fallen into disuse in many jurisdictions throughout the world. The same cannot be said for Malta where emphyteusis – although its popularity has certainly diminished over the years – is still a common feature of the
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Benefits of Property Purchase in Malta by Non-residents Benefits of Purchasing Property in Malta 1. Resale of property is allowed at any time. Property being resold after being used as the sole and ordinary residence for three years will be exempt from property tax or taxation on any capital gains arising on the sale. 2.
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Acquisition of Immovable Property Permits in Malta Purchasing a property in Malta 1. Introduction Prior to purchasing an immovable property in Malta, it is important to keep in mind that such an acquisition may be subject to certain requirements. The application or otherwise of these conditions is determined by specific characteristics that are central to the
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Conditions of Property Purchase in Malta by Non-residents Permit of Immovable Property An AIP Permit for the Acquisition of Immovable Property will be granted subject to the following conditions: 1. Minimum value of property depending on the type of property. 2. Restrictions apply to properties of historical interest. 3. Property purchased must be destined: for
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Malta Property Buy-to-Let Investments Rental property market in Malta Now that people are seeing the light at the end of the tunnel of the global economic crisis, many are the persons on the lookout for a place where to safely protect their assets. Among the most popular solutions in this respect is to buy property
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