On Wednesday, Alex Borg promised that a PN government would remove the tax or stamp duty on every transfer that takes place in the case of inheritance. The proposed measures are aimed at supporting families by helping them combat the scourge of the rising cost of living and assisting young people with affordable housing. "The money that we will generate
A Nationalist Government would remove all inheritance tax and stamp duty on properties and family businesses, in what party leader Alex Borg described as an “unprecedented” set of measures. Borg was speaking at a political rally in Birkirkara on Wednesday evening when he announced three proposals concerning inheritance tax. In Malta, individuals must
The Nationalist Party has proposed removing stamp duty entirely on property transfers made through inheritance. Under the proposal, inherited immovable property would no longer be subject to stamp duty, regardless of the property’s value. PN said the measure is intended to reduce financial burdens on families during inheritance processes and make property
The Nationalist Party has proposed removing taxes and stamp duty on property donated from parents to children or grandchildren. Under the proposal, immovable property transferred through donation within families would no longer be subject to taxation or stamp duty. PN said the exemption would apply to all types of immovable property and is intended
The Nationalist Party has proposed removing taxes and stamp duty on family businesses transferred through inheritance. The proposal would apply to transfers involving both company shares and commercial property used for business purposes. PN said the measure is aimed at making succession easier for family-run businesses and ensuring businesses can