Stamp duty is a tax on property purchases payable to the Gibraltar Government. Depending on the value of the property, different levels of stamp duty need to be paid as set out below.

Stamp duty on the property

• Properties of £200,000 or less - only nominal stamp duty is paid; £5 per deed and per counterpart.
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• For first or second time buyers, provided that the property they are buying is valued at £800,000 or less - nominal stamp duty on the first £300,000 and the usual stamp duty on the balance above. This also applies to persons over 65 who are selling and moving to a smaller property.
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• Properties of more than £200,000 but less than £350,000 - 2% on the first £250,000 and 5.5% on any amount above this up until £350,000.
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• Properties of more than £350,000 - 3% on the first £350,000, 3.5% on amounts between £350,000 and £800,000 and 4% on any amount above this.
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See our Conveyancing Calculator to workout your full expenses.

Stamp duty on mortgages

• For mortgage advances of £200,000 or less - 0.13%.
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• For mortgage advances of more than £200,000 - 0.2%
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• For repayment of existing mortgages - 0.03% irrespective of the amount.

See our Conveyancing Calculator to workout your full expenses.

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On the assignment of the benefit of a purchase agreement, such as in the case of an off plan
property sold before completion, the vendor must pay 0.5% of the profit they have made.

There are various costs which need to be paid to the Land Registry in order to register your deeds as set out below. See our Conveyancing Calculator to work out your full expenses.

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• Land Registry - £250 per deed
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• There are also commissioner’s fees and miscellaneous disbursements which on average range from £20 to £40.
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• If obtaining a mortgage, there is also a £30-£50 charge for notifying the interest of the finance institution on the buildings’ insurance of the property.

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Purchase agreements in respect of properties from off-plan developments also need to be
registered at the Land Registry as well as any assignments of the same.