157 tal-2012 - Ordni tal-2012 dwar Eżenzjoni mit-Taxxa fuq Bejgħu Trasferimenti oħra

L.N. 157 of 2012

DUTY ON DOCUMENTS AND TRANSFERS ACT

(CAP. 364)

Duty on Sales and other Transfers (Exemption) Order, 2012

BY VIRTUE of the powers vested in him by article 23 of the

Duty on Documents and Transfers Act, the Minister of Finance, the

Economy and Investment has ordered that as from the 1st of January

2012 but not after the 31st December 2013, the duty otherwise

chargeable in terms of article 32(1) of the Duty on Documents and

Transfers Act, on the transfer of shares in a property, which is used

for purposes of private residence only, between an individual who

will have acquired his shares in the property by means of a transfer

causa mortis, to another individual who is an heir and who is a part-

owner of the same property, shall not be charged. Together with the

application for exemption, the applicant shall submit a certificate

issued by the Malta Environment and Planning Authority certifying

that the property which is the subject of the exemption falls under a

development area known as "Urban Conservation Area" (UCA), or as

a scheduled property under Grade 1 or Grade 2 in accordance with

article 81 of the Environment and Development Planning Act. This

exemption shall not apply to a body or other association of persons

whether granted legal personality, in accordance with the provisions

of the Second Schedule to the Civil Code, or not.

€0.09