DUTY ON DOCUMENTS AND TRANSFERS ORDER

DUTY ON DOCUMENTS AND TRANSFERS

SUBSIDIARY LEGISLATION 364.10

DUTY ON DOCUMENTS AND TRANSFERS ORDER

26th November, 2002;

1st January, 2004

LEGAL NOTICES 349 of 2002 and 113 of 2004, consolidated, as

amended by Legal Notice 425 of 2007.

The title of this Order is the Duty on Documents and

Transfers Order.

The concessionary rate of three euro and fifty cents (3.50)

per one hundred euro or part thereof shall apply on the value of the

first sixty-nine thousand and eight hundred and eighty-one euro

and twenty cents (69,881.20) in respect of acquisition of

immovable property for the purpose of establishing therein or

constructing thereon the sole ordinary residence.

On the acquisition of immovable property by an

emphyteutical grant for a period exceeding fifty years the duty

chargeable under the Duty on Documents and Transfers Act on the

first three thousand and four hundred and ninety-four euro and six

cents (3,494.06) of the yearly groundrent shall be reckoned at fifty

per centum of the rates of duty applicable.

No duty otherwise chargeable with duty under the

provisions of the Duty on Documents and Transfers Act shall be

chargeable on any deed of declaration consequent to division of

companies where the draft terms of division had been forwarded to

the Registrar of Companies on or prior to the 24th November, 2003

and the Registrar had published the relevant statement in the

Government Gazette in terms of the provisions of the Companies

Act, on or prior to the 31st December, 2003 provided a copy of the

relative publication is attached to the deed of division.