Hi, I'm hoping to move to Gozo and will live off rental income generated in the UK where I will pay tax on it. Do I also have to pay tax on this income in Malta?
Tax on rental income
Gozo Girl
20 December 2016 12:02:13
1
tearnet
21 December 2016 14:28:50
2179
You have to declare all your world wide income in Malta but if the rental income is taxed in the UK, then the "double taxation" agreement between Malta and the UK ensures that you will only pay tax on the rental income once.
Terry
oddis71
12 March 2017 16:43:17
23
If you are a non-domicliled resident (whick is most likely in your case, I presume), you are only taxable for remitted income to Malta. Assuming your UK income is not a business income, I can't see how this is taxable in Malta.
Subscribe to this topic
Articles to help you in your expat project in Malta
The tax system in Malta
Whether you have decided to work or retire in Malta, taxation will probably be one of your main ...
Malta Financial Services Authority New Rules
Scheme to attract highly qualified persons
Personal Taxation in Malta (Part 1)
Malta offers attractive residence schemes with associated tax advantages including no taxation on worldwide ...
Property Purchase in Malta
Acquisition of property in Malta mainly involves the entering into a preliminary (promise of sale) agreement ...
The Malta Retirement Programme
Information Date : 3rd October 2012
Taxation for UK residents on Malta
I am NOT a Financial Advisor, I am just another expat. If in doubt seek professional advice.
Open a bank account that suits you
Discover the best international banks to manage your money securely.
"