Tax Benefits of Malta Residency

Tax Benefits of Malta Residency

8:24 AM, 29th May 2023, About 6 months ago 6

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The tax benefits associated with retiring or otherwise relocating to Malta can be significant. This is something I know firsthand because my wife and I took that leap back in 2016.

Below is a very short summary of some of the tax benefits my wife and I have enjoyed whilst living in Malta.

  1. You can remit capital to Malta tax free
  2. In regards to overseas income (e.g. dividends or interest), you only pay tax in Malta if you remit that income to Malta
  3. Crypto-currency is not taxed in Malta
  4. Capital gains realised outside Malta are not taxed in Malta. This doesn’t only relate to property but also includes capital gains on the sale of a business or shares
  5. The base value of your UK rental properties is automatically uplifted to the value at April 2015 for CGT calculation purposes, so if you own properties that you purchased  before that date the CGT savings could be substantial if you are planning to sell. Furthermore, if you are considering the incorporation of your UK rental property business, that uplift in base costs can also wipe out latent gains and/or provide significant Capital Account Restructure benefits.

It was much easier to become a resident in Malta back in 2016 when my wife and I relocated. This is because the UK was still part of the EU at that time. It is still possible now, but you will need to consider all the pros and cons, especially the financial ones because it is nowhere near as straightforward these days.

Over the seven and a half years my wife and I have lived in Malta I have lost count of how many times people have wanted to discuss this subject with us. The thing is, we are not experts on tax law in Malta, we only know what has worked for us based on the professional advice we have taken on our personal circumstances and objectives. That said, I have compiled a useful set of contacts who have put together a very useful PDF document that explains the basics. I’m happy for you to download that PDF for free by completing the form below. Once you have done that you will be redirected to Calendly, where you can book a one-to-one consultation with an expert to discuss your personal objectives. That initial consultation is priced at £250 and comes with our guarantee of total satisfaction or a full refund.

Malta Tax Residence PDF Download


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12:25 PM, 30th May 2023, About 6 months ago

I have lived permanently in the Philippines for the last 7 years. I have owned a BLT since 2003 which I have only lived in 6 months prior to moving to the Philippines. We did own our main residence which we sold prior to moving.
I have to submit a self assessment every year.
I now have put the BTL on the market but are not optimistic that it will sell easily…..especially now it would appear interest rates are likely to rise yet again.
Should I manage to sell what is the likelihood that I can reduce the capital gains tax being a non resident for 7 years. I have entered the UK for 2 weeks during the 7 years to attend a funeral.
Should I not be able to find a buyer for the property I will have to relet and take a small loss as the mortgage, service charges, letting agents fees will only be just covered by any rental income.

Mark Alexander - Founder of Property118

12:40 PM, 30th May 2023, About 6 months ago

Reply to the comment left by MIkeK123 at 30/05/2023 - 12:25
I cannot comment on whether or not you will have tax to pay in Singapore but the link below is to an HMRC calculator that will enable you to understand your capital gains tax position in the UK. It is very friendly to use and can be used anonymously, so I suggest you try numerous 'what if' scenarios.


17:30 PM, 6th July 2023, About 5 months ago

There is a double taxation treaty in place between the UK and Malta so interested parties should check the rules for guidance.

margarita delaorden

16:52 PM, 2nd November 2023, About a month ago

How dificult is for a EU citizen (e.g. Spanish) to become a Malta resident?
what are the pros and cons of being a Malta resident if you have properties, business and investments/shares in the UK?
How dificult is for a married couple (one from EU citizen and the other from UK) to be Malta residents?
Is there a set number of days you need to be in Malta to be a Malta resident?
What are the key points to consider in the Malta-UK double taxation treaty?

Mark Alexander - Founder of Property118

16:54 PM, 2nd November 2023, About a month ago

Reply to the comment left by margarita delaorden at 02/11/2023 - 16:52
Please use the form above to book a consultation.


10:45 AM, 5th November 2023, About a month ago

Not much point in relocating as my local curry house will only deliver within a radius of 2 miles.

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