343 tal-2007 - Ordni tal-2007 dwar Eżenzjoni mit-Taxxa għall-finijiet ta’ l-artikolu 23

L.N. 343 of 2007

DUTY ON DOCUMENTS AND TRANSFERS ACT

(CAP. 364)

Exemption of Duty in terms of article 23 Order, 2007

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 by a gratuitous title by a person to his

descendants in the direct line who acquire immovable property for

the purpose of establishing therein or constructing thereon their sole,

ordinary residence, the duty otherwise chargeable in terms of the

said Act, shall be chargeable on the value thereof at the rate of three

liri and fifty cents per one hundred liri or part thereof, provided that

this is the first transfer by such a person to such a descendant for

this purpose and in this manner and provided that the notary who

receives any deed of such a transfer shall record in the deed a written

declaration by the person so transferring and the person so acquiring

that the property is being acquired for the said purpose for the first

time and the notary shall warn the said person and descendant of the

importance of the truthfulness of such declaration.

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

Lm0.04 (€0.09)