Stamp Duty

Stamp Duty Update 2024

The Stamp Duties (Amendment) Act 2024 introduces significant changes to Gibraltar's stamp duty rates, affecting high-value properties. A new 4.5% tax bracket applies to properties valued above £800,000, calculated on the amount exceeding £800,000.

Stamp Duty Rates

First-time and Second-time Buyers do not pay stamp duty on properties valued less than £300,000.

Third-time/More Buyers and Companies;

Under £200,000: 0% (no stamp duty payable).

Between £200,001 and £350,000: 2% on the first £250,000, and 5.5% on the balance.

Between £350,000 and £800,000: 3% on the first £350,000, and 3.5% on the balance.

Over £800,000:  3% on the first £350,000, 3.5% of the next £450,000, 4.5% on the balance.

Stamp duty is also payable on mortgages secured on Gibraltar property at the following rates;

£0 to  £200,000: 0.13%

£200,001 plus: 0.2%

Note: The information provided is subject to change. While every effort is made to ensure accuracy, users are advised to seek professional advice to verify information before making decisions based on it.