310 tal-2007 - Ordni tal-2007 dwar Eżenzjoni mit-Taxxa fuq Dokumenti u Trasferimenti dwar Taxxa dovuta fuq it-Trasferiment ta’ Residenza Unika u Ordinarja u fuq Dikjarazzjonijiet Causa Mortis

L.N. 310 of 2007

DUTY ON DOCUMENTS AND TRANSFERS ACT

(CAP. 364)

Duty on Transfer of Sole Ordinary Residence and on Declarations

Causa Mortis (Duty on Documents and Transfers) Exemption Order,

BY VIRTUE of the powers invested in him by article 23 of the Duty on

Documents and Transfers Act, the Prime Minister and Minister of Finance

has ordered that as from the 16 th October, 2007 in respect of transfers inter

vivos, and on every declaration made in accordance with article 33 in respect

of persons from whom the transfer causa mortis originates who died on or

after the 16 th October, 2007, the duty otherwise chargeable in terms of the

said Act, shall be reduced and levied as follows>-

(a) in terms of the provisions of paragraph (a) of sub-article (4)

of article 32 thereof, in such manner as for the words “in respect of the

first thirty thousand liri or such greater amount as may be prescribed,”

there shall be substituted the words “ in respect of the first fifty thousand

liri or such greater amount as may be prescribed,”<

(b) in terms of the provisions of sub-paragraph (i) of paragraph

(b) of sub-article (4) of article 32 thereof, in such manner as for the

words “do not exceed thirty thousand liri ” there shall be substituted

the words “do not exceed fifty thousand liri”<

(c) in terms of the provisions of sub-paragraph (ii) of paragraph

(b) of sub-article (4) and in paragraph (c) of sub-article (4) of article 32

thereof, in such manner as for the words “thirty thousand liri”, there

shall be substituted the words “fifty thousand liri ”<

(d) in terms of sub-article (3) of article 40 thereof, in such manner

as for the words “the duty chargeable under this Act on the first one

thousand and five hundred liri or such greater amount as may be

prescribed of the yearly ground-rent” there shall be substituted the words

“the duty chargeable under this Act on the first two thousand and five

hundred liri or such greater amount as may be prescribed of the yearly

ground-rent”< and

(e) in terms of the provisions of article 35 thereof, immediately

after sub- paragraph (ii) of sub-article (2) thereof, there shall be inserted

the new sub- paragraph>-

“(iii) where such property consists of a dwelling house,

being the ordinary residence of the person from whom the transfer

originates, and the beneficiary of such residence is the surviving

spouse, no duty shall be levied at the time of the transfer, provided

that if such residence is transferred by the surviving spouse during

the lifetime of such surviving spouse, the duty which would have

been payable on the death of the predeceased spouse shall be levied

at the time of the transfer by the surviving spouse.”.

Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press

Lm0.04 (€0.09)