Duty on transfers

Duty on Transfers arising on Inheritance
Duty on Transfers arising on Inheritance is payable by the heirs of the deceased on property and certain assets owned by the deceased at the time of death.

There are a number of special exemptions available, such as, in very general terms:

• transfer of securities quoted on the Malta Stock Exchange
• inheritance of cash and bank deposits
• inheritance by husband or wife.

Why do you need advice on Duty payable upon Inheritance?
Many people pay large amounts of Duty unnecessarily. If they had only received expert advice, their tax bills could have been reduced or even completely alleviated.

If you want to ensure that as much of your property as possible is distributed to your family and loved ones, then you need advice.
There are exemptions and reliefs available, some of which may apply to you. With careful planning before you even start approaching old age, it is possible to reduce your tax bill significantly.

Why Grant Thornton?
We deal with the above issues as par for the course when looking at individuals' tax affairs. We have experts, who have years of experience and skilled technical knowledge. We understand that you want to ensure that the people you care about inherit the results of your hard work and not the Inland Revenue!