Gibraltar Stamp Duty Rates

In June 2015, the Gibraltar Government introduced new residential stamp duty rates. These rates differ based on whether the purchaser qualifies as a “Qualifying Purchaser” (first-time or second-time homebuyer) or not. Below is a summary of the current stamp duty rates:
 
For First-Time and Second-Time Buyers ("Qualifying Purchasers")

Qualifying Purchasers (first-time and second-time buyers) benefit from preferential stamp duty rates:

• On the first £300,000 of property value: 0% (no stamp duty payable)
•  On the portion from £300,001 to £350,000: 5.5%
•  On the portion above £350,000: 3.5%

Example: A Qualifying Purchaser buying a property valued at £400,000 would pay:

• 0% on the first £300,000,
• 5.5% on the £50,000 between £300,001 and £350,000,
• and 3.5% on the remaining £50,000 above £350,000.

 
For All Other Purchasers (Non-Qualifying Purchasers)

For buyers who do not qualify as first-time or second-time purchasers, standard stamp duty rates apply:

•  If the property value is £200,000 or less: 0% (no stamp duty payable)
•  If the property value is between £200,001 and £350,000:

o    2% on the first £250,000 of the property value, and
o    5.5% on the portion above £250,000 (up to £350,000)

•  If the property value exceeds £350,000:

•  3% on the first £350,000 of the property value, and
•  3.5% on any portion above £350,000

Example: A non-Qualifying Purchaser buying a property valued at £400,000 would pay:

•   3% on the first £350,000,
•   and 3.5% on the remaining £50,000 above £350,000.

Buying a property in Gibraltar