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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Malta > Legal Developments > Real Estate & Property > Law firm and leading lawyer rankings

Editorial

Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Proposal to Establish New Building and Construction Regulator

November 2018 - Real Estate & Property. Legal Developments by Mamo TCV Advocates.

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A White Paper has been published proposing the setting up of a new regulator to consolidate the building and construction industry.

Tower Crane Passing over Airspace Owned by a Third Party

November 2018 - Real Estate & Property. Legal Developments by Mamo TCV Advocates.

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The passing of a tower crane over third party airspace is an invasion of such party’s airspace but it is not necessarily prohibited.

Proposal to Reform the Rental Market

November 2018 - Real Estate & Property. Legal Developments by Mamo TCV Advocates.

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A White Paper has been published proposing a reform of the residential rental market in Malta.

Investing in Malta- A Property Almanac

Malta has long gained a reputation for a high standard of living with a Mediterranean flair. With the introduction of various programmes related to the attainment of citizenship or residency, many foreign investors have eyed the island as an ideal European solution for immigration purposes with vast potential for stable investment in real estate. In this article Dr Maria Chetcuti Cauchi presents an analysis of the real estate market and laws through 2015 and 2016, with a view of giving an exposition of the process for property acquisition and resale.

MALTA TAXATION FROM IMMOVABLE PROPERTY

Old Regime for Malta’s Taxation from Immovable property

Prior to 1 January 2015, in Malta, gains realized on the transfer of immovable property were taxed either at a final tax of 12% on transfer value or in certain instances tax was levied on the gain at the rate of 35%, or in the case of individuals at the applicable progressive tax rates.  The 2015 Malta budget however contains measures to replace these provisions, although the previous regime continues to apply for transfers of immovable property which were notified to the Commissioner for Revenue through a promise of sale or transfer notice by 17 November 2014. This is a somewhat contentious move in that a fixed tax on the consideration received on a transfer cannot be deemed to be a tax on capital gains but is more akin to a duty.

The legislation to enact these proposals has still not been approved by the Maltese Parliament, however the proposals are as follows:

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