Reduced rate of duty on certain property transfers extended

LN 324 of 2021 published on 6 August 2021 has extended the application of the reduced rate of duty of 1.5% on the first eur400,00 on transfers inter vivos of immovable property, to transfers made before 1 January 2022 (previously 1 August 2021).

Furthermore, the relevant dates in the provisos to article 5(1) of the Exemption of Duty in terms of article 23 Order have been revised accordingly.