Exemption from Tax on Certain Property Transfers

L.N. 325 of 2021

INCOME TAX ACT

(CAP. 123)

Exemption from Tax on Certain Property Transfers

(Amendment No. 2) Rules, 2021

IN EXERCISE of the powers conferred by articles 12(2) and 96

of the Income Tax Act, the Minister for Finance and Employment has

made the following rules:-

The title of these rules is Exemption from Tax on Certain

Property Transfers (Amendment No. 2) Rules, 2021 and these rules

shall be read and construed as one with the Exemption from Tax on

Certain Property Transfers Rules, hereinafter referred to as "the

principal rules".

Rule 3 of the principal rules shall be amended as follows

(a)

paragraph (a) thereof shall be amended as follows

(i) in sub-paragraph (i) thereof, the words "1

August 2021" shall be substituted by the words "1 January

2022"; and

(ii) in sub-paragraph (ii) thereof, the words "31

August 2021" shall be substituted by the words "31 January

2022";

(b)

paragraph (b) thereof shall be amended as follows

(i) in sub-paragraph (i) thereof, the words "1

February 2022" shall be substituted by the words "1 July

2022";

(ii) in sub-paragraph (ii) thereof, the words "31 July

2021" shall be substituted by the words 31 December

2021"; and

(iii) in sub-paragraph (iii) thereof, the words "28

February 2022" shall be substituted by the words "31 July

2022".

€0.09