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Urban Conservation Areas property transfer time limit extended
Cabinet extends time limit for conclusion of contracts of sale for properties within Urban Conservation Areas
13 December 2016, 9:38am
Paul Cocks
Paul Cocks
UCAs are protected and preserved for their architectural or historic value
The time limit for persons buying property within Urban Conservation Areas has been extended to 1 July 2017, following a decision by the Cabinet on Monday.
The extension is in reference to Legal Notice 59/2016, Duty on Transfers (Exemption) Order of 2016.
Following Monday’s decision, the contract of sale is to be concluded before 1 July 2017, provided that the notice of the promise of sale agreement relating to said transfer is registered with Commissioner for Revenue before 1 January 2017.
Paul Cocks joined MaltaToday after having spent years working in newspapers with The Times...
