Taxes

Last activity 28 February 2014 by tearnet

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Neilnicollebrien430Member27 February 2014 18:10:47

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

Rocky1965Member27 February 2014 20:24:31

Yes I was wondering the same

jj2013Guest27 February 2014 21:27:02

214245

ird . gov . mt

tearnetViP28 February 2014 07:11:25

2179

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 a tax consultant in Malta and also get a local will sorted.

Terry

georgeingozoViP28 February 2014 07:30:45

3703

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

georgeingozoViP28 February 2014 07:31:43

3703

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

tearnetViP28 February 2014 10:42:52

2179

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 countries.

Take tax advice!!!

Terry

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