Power of Attorney (Prokura): Ask the Notary!
Power of Attorney (Prokura) A power of attorney (mandate), known in Maltese as a "prokura," is a legal document via which one person appoints another to carry out specific tasks…
Inheritance Tax in Malta? Ask the Notary!
What tax is owed on real estate? The default rate is 5% of the deceased's immovable property's present value. But in other cases, such as when the inherited property served…
What happens when one passes away? Ask the Notary: Successions – Causa Mortis – Denunzja
About Successions / Causa Mortis / Denunzja After a person passes away, his or her heirs carry on that person's personality and receive any assets or debts that the individual…
The Emphyteusis (Iċ-ċens) / Ask the notary
The Emphyteusis (iċ-ċens) An emphyteusis (Cens) is a legal relationship between the transferor (the "dominus") and the transferee (the "emphyteuta") is established when property is delivered in emphyteusis. A ground-rent (cens),…
Malta Property 101: Ask the Notary / Dr. Sylvana Borg Caruana
Malta Property 101: Ask the notary!
Buying, Selling and/or Renting Property can be quite a complicated process for starters! Here's everything you should know before entering a property sale agreement in Malta. Here are the top…
Inheritance Tax in Malta – If I want to sell the house I inherited, which tax is owed?
If I want to sell the house I inherited, which tax is owed? This depends on whether the inheritance occurred before or after November 25, 1992. Tax is required at…
Buying of Immovable Property
Buying of Immovable Property When purchasing real estate, one must hire the services of a notary of their choosing. The primary responsibility of the notary is to inform potential…
Malta property tax – What is the tax to be paid by first-time buyers?
What is the tax due by first-time buyers? Persons purchasing their first home for residential use are required to pay stamp duty at a rate of 3.5% over the first…