Stamp Duty

Stamp Duty is the tax payable to the government when purchasing a property priced over £200,000. The amount payable depends on factors such as whether you are a first or second time buyer, the value of the property and the mortgage amount (if any). 

There are a number of duties and disbursements as follows:

1) Stamp Duty – Gibraltar Stamp Duties Act 2005 (as amended by the Stamp Duties (Amendment) Act 2024)

The legislation applies only to transactions involving real estate located in Gibraltar. The applicable updated rates are as follows:

a) First- and Second-Time Buyers (Residential property only):

• £0 – £300,000: Exempt (0%)

• £300,001 – £350,000: 5.5% on the portion above £300,000

• £350,001 – £800,000:

  • 5.5% on the portion between £300,001 and £350,000

  • 3.5% on the portion above £350,000 up to £800,000

• Over £800,000:

  • 5.5% on £50,000 (i.e. £300k–£350k)

  • 3.5% on £450,000 (i.e. £350k–£800k)

  • 4.5% on the amount exceeding £800,000

b) Transfers between spouses or former spouses upon divorce:

• Fully exempt from Stamp Duty (0%)

c) All other cases (e.g. third-time buyers, companies, etc.):

• £0 – £200,000: Exempt (0%)

• £200,001 – £250,000: 2% on the full amount

• £250,001 – £350,000:

  • 2% on the first £250,000

  • 5.5% on the portion above £250,000

• Over £350,000:

  • 3% on the first £350,000

  • 3.5% on the portion between £350,001 and £800,000

  • 4.5% on any amount over £800,000

2) Stamp Duty on Mortgages:

If the purchase is made with the assistance of a mortgage, an additional duty applies on the loan amount:

• Up to £200,000: 0.13%

• Above £200,000: 0.20%

This is calculated on the loan amount, not the property value.

3) Land Titles Register:

A flat fee of £125 per deed is charged for registering the transaction with the Land Titles Register in Gibraltar.

 Note: The registration procedure in Gibraltar is distinct from the UK Land Registry system. Under the Gibraltar Land Titles Act 2011, registration is required for public record purposes only and does not provide priority rights as the UK system does.