Taxes

12POSTS

12 years ago

I understand about the double tax treaty between malta and other countries. Would there be any capital gains taxes payable in malta if we are resident in malta on property outside of malta? Also does anyone know if inheritance or death duties apply on malta. Thanks

See also

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Rocky1965 Member

23POSTS

12 years ago

Yes I was wondering the same

jj2013 Guest

0POSTS

12 years ago

ird . gov . mt

tearnet ViP

2179POSTS

12 years ago

I'm not an expert on tax but my understanding is that if you are tax resident in Malta you only pay tax on monies remitted to Malta.
Tax on capital gains would be paid in the country in which it was earned.

Inheritance and death duties again would depend on what country you are talking about.
You would be well a advised to talk to聽 a tax consultant in Malta and also get a local will sorted.

Terry

georgeingozo ViP

3703POSTS

12 years ago

tearnet wrote:
I'm not an expert on tax but my understanding is that if you are tax resident in Malta you only pay tax on monies remitted to Malta.

you only pay tax on income remitted, not capital or capital gains remitted to Malta

georgeingozo ViP

3703POSTS

12 years ago

Neilnicollebrien430 wrote:
Would there be any capital gains taxes payable in malta if we are resident in malta on property outside of malta?

tearnet ViP

2179POSTS

12 years ago

georgeingozo wrote:
Neilnicollebrien430 wrote:
Would there be any capital gains taxes payable in malta if we are resident in malta on property outside of malta?

no

That would be " not in Malta" there may be a capital gains tax on sale of a second home in UK ,France, Italy and some other EU聽 countries.

Take tax advice!!!

Terry

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