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New Build Investor Incentive Announced


New Build Investor Incentive Announced Image

12/07/2016

Chief Minister’s announcement – Gibraltar Parliament 08.07.16

 I announce a new budget measure today that where any property is constructed in the next thirty months from the 1st July 2016 and that property is rented for residential purposes, the owner of that property will receive a tax credit equal to the tax payable on the profits earned on the first twenty-four months of rent occurring in the first five years after the completion of construction of that property. The tax credit is not refundable and can be offset against the tax payable to extinguish any liability to tax."