Stamp duty is payable on the transfer or sale of any Gibraltar real estate or shares in a company owning Gibraltar real estate (on an amount based on the market value of the real estate) at the following rates:
(i) Nil % where the value of the property does not exceed £200,000;
(ii) 2% on the first £250,000 and 5.5% on the balance, where the value of the property exceeds £200,000 but does not exceed £350,000; and
(iii) 3% on the first £350,000 and 3.5% on the balance where the value of the property exceeds £350,000.
For first and second time buyers, there is no stamp duty to pay on the first £260,000 of the cost of the property, irrespective of the total cost.
Stamp duty on transfers of properties between spouses is nil.
A special rate of stamp duty of 7.5% is payable on the sale of affordable housing developed by Government within the first 10 years since original purchase. The duty is not payable in circumstances of a forced sale, including in the cases of divorce or where a family moves to a larger property as a meritorious upgrade to another, newer, Government affordable housing estate.
Stamp duty is also payable on mortgages secured on Gibraltar real estate at the following rates:
Mortgage of £200,000 or less 0.13%
Over £200,000 0.20%
Stamp Duty Calculator
Our calculator provides results in accordance with the Gibraltar Government's Budget Measures. It does not take into account the costs associated with registering the deeds at the Land Registry, nor does it take into account stamp duty which may be payable on the counterparts of any deed.