Orbitax Daily Tax Newsletter: AI Powered Insights

XatBot’s Newest Release: Smarter workflows, deeper insights, and seamless document handling

Get started Book a demo
EYEY

Gibraltar proposes to tax gains on sales of certain residential real estate

|Tax Alerts, Legislation & Policy, Na ...|Gibraltar
Gibraltar

  • Under new proposed legislation, any entity or person who holds an interest in three or more residential properties will be subject to tax on any gain upon disposal of any of the properties.
  • This tax would apply as from 1 August 2024.
  • Certain properties are exempt from this measure, including properties used as the primary residence of the beneficial owner and properties in an estate of a deceased person.
 

Changes proposed to Gibraltar's tax legislation would impose tax on gain realized when an…

We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.