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Extension Of Temporary Tax And Duty Schemes On Property – Property Taxes

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The temporary COVID schemes allowing for reduced tax/duty rates
on transfers of immovable property have been extended until the end
of June 2023.

The temporary COVID-19 measure providing for a reduced tax and
duty rate of 5% and 1.5% respectively on the first EUR400,000 of
immovable property transferred inter vivos has been
limitedly extended by nine months, until the end of June 2023
(formerly September 2022). Such extension is effective pursuant to
the publication of Legal Notices 224 and 225 of 2022. The benefit
applies provided that a promise of sale was entered into by 31
December 2021 and the notice of final deed reaches the Commissioner
for Revenue by 31st July 2023.

For further details on this measure and other immovable
property measures, you may wish to refer to
Tax and Duty Schemes on the Transfer of Immovable

Tax and Duty Schemes on the Transfer of Immovable

11 min read

A summary of some tax and duty reduction schemes on transfers of
immovable property.

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.


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