The purpose of this seminar is to discuss the history of the taxation of capital gains on immovable property situated in Malta, the nature of this property tax, and its evolvement since 2005.
The seminar will be useful for accountants, auditors, lawyers, tax advisors, and other professionals who advise clients on various tax issues in particular on the tax implications arising on the transfers of immovable property situated in Malta.
The matters which will be discussed during the presentation will be as follows:
- The nature of the Property Transfers Tax
- Options and exceptions
- Deductions and exemptions
- Rates and the basis on which tax is calculated
- Properties forming part of a project
- Article 27G of the ITA – Transfers of property by listed companies
- International tax considerations
Stephen Balzan is one of the tax partners of ACT, heading the International Tax and Corporate Departments of the firm. ACT is a multi-disciplinary firm providing tax, advisory and corporate services. Stephen holds a first degree in Accounting and is a member of the Malta Institute of Taxation (MIT), the Malta Institute of Accountants (MIA), the Institute of Financial Services Practitioners (IFSP), The International Tax Planning Association (ITPA), STEP and the International Fiscal Association (IFA). He was actively involved in various committees in the fields of taxation and has on a number of occasions lectured on topics related to international tax, both in Malta and overseas. Stephen continues to give various lectures and presentations and is the author of various articles on taxation. Stephen has extensive experience in advising clients on the set-up of complex cross-border structures through the use of Maltese limited liability companies. Main areas of interest include tax and international tax planning, capital gains, and business development. Apart from his experience in international tax matters, including tax planning, treaty interpretation, and advice, he also has a great deal of knowledge on corporate matters, company law, management, and administration. He specialises in treaty planning, holding companies, and treasury and finance operations.
Day 1: 10/09/2020
Start time: 14:00 CEST
End time: 17:15 CEST
Venue: Online Live Session
Phone: +356 27555560 / +356 77555560