Family Businesses and Incentives under the Malta Family Business Act

Emd Advocates03 Nov, 2020Legal

Such incentives are available up to the end of 2020 and include reduced stamp duty of 1.5% on the transfer of the business from the parents to their children, duty on documents at the reduced rate of 3.5% on the transfer of immovable property for the first �500,000 and no tax on the first �150,000 in value on the transfer of shares or interest in a family business. Further incentives include a subsidy of �2500 p/annum on legal