Stamp duty in Gibraltar depends on the property price, buyer status and, where relevant, the mortgage amount. For qualifying purchasers (first-time and second-time buyers), the first £300,000 is charged at 0%, with higher marginal rates applying above that. For other buyers, standard residential rates apply. Mortgage duty is separate and is typically charged at 0.13% where the secured sum does not exceed £200,000 and 0.20% where it exceeds £200,000.
Gibraltar Stamp Duty Rates (At a Glance)
| Buyer type | Property value | Rate |
|---|---|---|
| First-time / second-time buyer | First £300,000 | 0% |
| First-time / second-time buyer | £300,001 to £350,000 | 5.5% on that portion |
| First-time / second-time buyer | £350,001 to £800,000 | 3.5% on that portion |
| First-time / second-time buyer | Above £800,000 | 4.5% on that portion |
| Other buyers | Up to £200,000 | 0% |
| Other buyers | £200,001 to £350,000 | 2% on first £250,000, then 5.5% on the portion above £250,000 |
| Other buyers | £350,001 to £800,000 | 3% on first £350,000, then 3.5% on that portion |
| Other buyers | Above £800,000 | 4.5% on the portion above £800,000 |
Understanding Gibraltar Residential Stamp Duty
Gibraltar residential stamp duty is charged on a marginal basis, meaning different rates apply to different portions of the purchase price depending on whether the buyer qualifies as a first-time or second-time buyer. For the latest legal position, always check the current Gibraltar Stamp Duties Act.
Stamp Duty Rates for Qualifying Purchasers
A qualifying purchaser is an individual who is buying their first or second residential property in Gibraltar. Where all purchasers qualify and the property is entirely residential and intended as a single dwelling, the following rates apply:
- First £300,000: 0%
- £300,001 to £350,000: 5.5% on that portion
- £350,001 to £800,000: 3.5% on that portion
- Above £800,000: 4.5% on that portion
Stamp Duty Calculator (Quick Estimate)
You can estimate Gibraltar stamp duty by applying the relevant marginal rates to each slice of the purchase price.
Example: Qualifying purchaser buying at £400,000
- 0% on the first £300,000 = £0
- 5.5% on the next £50,000 = £2,750
- 3.5% on the next £50,000 = £1,750
- Total stamp duty: £4,500
Stamp Duty Rates for Non-Qualifying Purchasers
Where the buyer does not qualify as a first-time or second-time buyer, the standard residential rates apply:
- Up to £200,000: 0%
- £200,001 to £350,000: 2% on the first £250,000, plus 5.5% on the portion above £250,000
- £350,001 to £800,000: 3% on the first £350,000, plus 3.5% on the portion above £350,000
- Above £800,000: 4.5% on the portion above £800,000
Example: Non-qualifying purchaser buying at £400,000
- 3% on the first £350,000 = £10,500
- 3.5% on the next £50,000 = £1,750
- Total stamp duty: £12,250
Mortgage Duty in Gibraltar
Mortgage duty is separate from purchase stamp duty. On a principal mortgage or other primary security, the current rates are:
- Loan up to £200,000: 0.13%
- Loan above £200,000: 0.20%
This means mortgage costs should be considered separately when estimating total buying costs.
Visual Overview of Gibraltar Stamp Duty Rates
Below is a simple infographic to help visualise how Gibraltar stamp duty works by buyer type:
Additional Resources for Property Buyers
For a broader explanation of the purchase process, see our guide to buying property in Gibraltar.
For a wider breakdown of legal fees, purchase costs and ongoing ownership expenses, see our guide to Gibraltar property buying costs and taxes.
Gibraltar Stamp Duty FAQs
Who qualifies as a qualifying purchaser?
A qualifying purchaser is an individual buying their first or second residential property in Gibraltar, provided the property is entirely residential and intended for use as a single dwelling.
Is there stamp duty in Gibraltar?
Yes. Gibraltar charges stamp duty on residential property purchases, although some purchases fall into a 0% band depending on the price and buyer status.
How much is stamp duty in Gibraltar?
Residential stamp duty currently ranges from 0% to 5.5% on certain bands, with a 4.5% rate applying on the portion above £800,000.
Do foreigners pay stamp duty in Gibraltar?
Yes. Non-qualifying buyers, including foreign buyers who do not meet the qualifying purchaser rules, pay the standard residential rates.
Can stamp duty be added to a mortgage?
Stamp duty is normally a separate upfront purchase cost. Buyers should confirm funding arrangements with their lender and lawyer.
Are the stamp duty rates fixed?
Rates can be changed by legislation, so buyers should always verify the latest position before exchange or completion.
Need Help Understanding Your Buying Costs?
If you are planning to buy in Gibraltar and want help understanding overall purchase costs, contact our team. If you are still at the research stage, our first-time buyer advice article may also help.
